7 ms·
An argument for higher sales taxes versus corporate taxes?
by drpgq 10y ago
An argument for higher sales taxes versus corporate taxes?
- tonyedgecombe 10y agoI wonder if the writing is on the wall for corporation tax, whether competition between nations will drive it down to zero.
- virmundi 10y agoIt really should be zero or at least no higher than 20%. You're double taxing corps. You tax the consumer's paycheck, then tax the corp when it sells.
- chillwaves 10y agoThen I buy goods and pay a sales tax. Triple taxed!
- tonyedgecombe 10y agoI don't think you are, employees salaries reduce profits and hence corporation tax.
- deleted 10y ago[deleted]
- r00fus 10y agoStates already pay for corporations to relocate hoping to make it up by increased employement and ancillary busineses. I don't imagine that in many cases, local governments have basically given money to the corporation with the expecting proceeds not materializing. Corporations with the advent of the WTO and other globalization efforts have essentially made it impossible for nations to actually tax them. How does this change and if such taxation doesn't hold, will the states also eventually become antiquated?
- ghaff 10y agoFor the most part, corporate income tax is dumb. Corporations have a lot more options than individuals, to which corporate profits generally flow eventually, to play games with where they file for different parts of their operations. That said, I don't really expect major changes. Corporate taxes are a lot less unpopular than individual taxes. So the fact that they're avoided a lot of the time is just how it is.
- valuearb 10y agoI hope so, corporate income taxes are the worst, directly taxing investment, and double taxing shareholder profits.
- frgtpsswrdlame 10y agoAn argument for higher personal income taxes versus corporate taxes. Sales tax is regressive.