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What is your definition of hurt? Taxing the profit sure seems to me like it "hurts" the company as they have less resources.
by muninn_ 10y ago
What is your definition of hurt? Taxing the profit sure seems to me like it "hurts" the company as they have less resources.
- notahacker 10y agoCompanies that reinvest most of their revenue make small profits. Companies that don't make larger profits, and thus pay more corporation tax where corporate taxes exists. (By extension, those wanting to abolish corporation tax should come up with an argument why companies that reinvest profits to research or expand should pay more tax - on the goods and services they buy to improve - than companies that do nothing with their large piles of cash except hope it's enough of a war chest to deter others from investing in competing with it)