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Agreed. If we are going to tax corporations then why not a flat tax on the gross revenues. In the U.S a 3% tax rate on gross is the approximate revenue the IRS
by louprado 10y ago
Agreed. If we are going to tax corporations then why not a flat tax on the gross revenues. In the U.S a 3% tax rate on gross is the approximate revenue the IRS currently collects. Pass the expense to your customer if you are in a low margin business.
A business can't tell their landlord that they owe no rent because they are "unprofitable" ? Why then do we accept this excuse from the businesses who benefit the most from our public systems.
- lmm 10y agoBecause we want to allow specialization to increase efficiency. Rather than the nail company selling its nails to hardware stores and the screw company selling its screws to hardware stores, it's more efficient if they both sell to a supplier that can then sell to stores - it means only O(N) rather than O(N*M) different relationships to maintain, and the nail manufacturer can concentrate on its core competency of making nails rather than having to employ a bunch of people who know how to get their products in stores.