4 ms·

Masses of regulations are complex and require lawyers - even small business tax is a mess.

• ajmurmann 10y ago
  He makes a ton of suggestions on how to simplify regulations. Among other things he wants to do taxing corporations altogether because according to him they eithe avoid them or pass them on anyways. Listen to it! You will enjoy it!
  • danieltillett 10y ago
    The problem with not taxing corporations is the rich can use corporations as a tax free saving vehicle. There is a great need to simplify regulations, but until the political system is reformed it will be hard to prevent the political class conspiring with vested interests to create regulations. Fix the cause not the symptoms.
    • coredog64 10y ago
      > The problem with not taxing corporations is the rich can use corporations as a tax free saving vehicle. I think this is more myth than reality. The IRS has a very good nose for finding people who are attempting this particular tax avoidance strategy.
      • danieltillett 10y ago
        Yes they do now, but if you stopped taxing corporations then it would be a lot harder. The system we use in Australia is quite good. Corporations pay income tax, but any tax paid is passed onto the shareholders in the form of a tax credit (franking credits).