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I subtract all their taxes. If Exxon pays $100bn/yr in various normal taxes, and the government pays them $1bn/yr in fossil fuel subsidies, that's a net subsidy
by ajss 10y ago
I subtract all their taxes. If Exxon pays $100bn/yr in various normal taxes, and the government pays them $1bn/yr in fossil fuel subsidies, that's a net subsidy of -$99bn/yr.
How can it be a fair representation of their situation to only say they receive $1bn/yr in subsidy?
- Dylan16807 10y agoBecause something like income tax is a given. We're not comparing against a world with no government. We're comparing against a situation where they get no special attention. You can use whatever word you want for it, but if a company pays half as much tax as everyone else that's a big deal. You're right to say that it's not fair to only list the $1bn. It should be put in context of the $100bn of normal taxes. But reducing it to "$99bn" is not a fair representation either. It doesn't tell you if they otherwise would have paid 100 or 200.
- ajss 10y agoI'm quite happy to accept the reporting of both gross taxes and gross subsidies. My objection is to only comparing the gross subsidies.