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Surely by that logic we should give up trying to tax the rich altogether. The rich will always try to dodge taxes, but we can make it harder, say for example b
by wstrange 10y ago
Surely by that logic we should give up trying to tax the rich altogether.
The rich will always try to dodge taxes, but we can make it harder, say for example by spreading it out over different forms of income and consumption.
We should also be looking at the international stage to diminish the value of tax havens, offshore companies etc. I think many countries are beginning to realise that ever lower taxation rates are a race to the bottom.
- gadders 10y agoTax competition is a good thing, as it prevents governments from imposing excessive taxation. If we didn't have that, taxation rates would be a race to the top.
- maerF0x0 10y agoan issue comes up though when someone is a net consumer in their country, but exports their taxability to some other country. its No big deal for CountryX to have tax rate of 1% on assets it has no liabilities against. Meanwhile CountryY (of origin) is spending lots.
- bko 10y agoAnother option could be to charge a reasonable tax rate and make it as easy as possible to pay. This would reduce incentives to find ways to avoid tax, as those alternatives have costs as well. Wealthy people are the most mobile in society. I think it's good that countries compete on things like tax rates and good governance. No person or company should be beholden to any one government.
- chipgap98 10y agoIs the tax rate not reasonable right now? Is there any evidence that lowering the tax rate would make companies less likely to try to avoid paying taxes?