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Generally what people propose is some type of VAT or border-adjustment tax, which taxes on the value of goods sold in a jurisdiction rather than on profits real
by ubernostrum 10y ago
Generally what people propose is some type of VAT or border-adjustment tax, which taxes on the value of goods sold in a jurisdiction rather than on profits realized from the sale.
The problem is many companies have gotten too used to being able to avoid taxation essentially at will, and would not take kindly to either having their products get more expensive (if they pass the entire cost on to the customer), which decreases their profits through reduced sales, or having their profits directly reduced by paying tax on sales. The tax rate they want is zero, and they've shown they'll go to extraordinary lengths trying to achieve it.