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> 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
by 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 agoYes 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).