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What a victory for rule of law. The Treasury decided it was legal, but they didn't LIKE it, so they decided to make it so burdensome they wouldn't go through w
by bpodgursky 11y ago
What a victory for rule of law. The Treasury decided it was legal, but they didn't LIKE it, so they decided to make it so burdensome they wouldn't go through with it.
Maybe, fix an idiotic corporate income tax so it's not a constant game avoiding it. Companies are going to stop incorporating in the US; the golden goose is going to die sooner or later.
- refurb 11y agoIt's not the first time something like that has happened (as I'm sure you know). I'm reminded of the National Firearms Act. The gov't wanted to ban fully automatic weapons back when the prohibition shoot outs were common. Instead of just banning them (probably a long-drawn out process), they just slapped a $200 tax on it. The guns at the time only cost ~$50, so it was an effective 400% price increase. The interesting part is they never updated the tax, so you can buy fully automatic weapons now (if made before 1986) and you pay the $200 tax on a weapon that is north of $10,000.
- dublinben 11y ago>Companies are going to stop incorporating in the US No they won't. We should still abolish corporate income tax though.
- rtpg 11y ago>Companies are going to stop incorporating in the US Yeah probably not. Don't underestimate the regulatory power of the dollar.