One important consequence of globalization has been the cumulative shifting of tax burdens from corporations to individuals. While this trend holds for the OECD as a whole, it is especially pronounced within the United States, where the corporate income tax share of total taxes (federal, state, local, and Social Security) fell from 21.51 per cent in 1955 to 7.87 per cent in 1993 (Webb, 1996, p. 8). An equally sharp drop occurred in Canada, with the corporate income tax share falling from 18.5 per cent in 1955 to 6.9 per cent in 1993.