> Yes but they're not spending $100 to "dodge taxes". They're spending the money on positive NPV projects. You're mistaking an effect for a cause. I don't thin

> Yes but they're not spending $100 to "dodge taxes". They're spending the money on positive NPV projects. You're mistaking an effect for a cause. I don't think I am. The NPV projects are more likely to be positive if the alternative is to pay income tax on the profits, right? I don't necessarily mean to say they're doing it to avoid/dodge paying taxes (and I've edited my earlier response with a less loaded term), but taxes surely play a role in how they manage capital. > Companies invest and expand and they pay less taxes as an effect. Companies that are not paying income taxes do not pay less income taxes if they invest or expand.