3 ms·

Can't we do smarter than revenue? Like tax world wide profit at a rate proportional to revenue in each country? ie. if 10% of your revenue happens in country

by jopsen 9y ago

Can't we do smarter than revenue? Like tax world wide profit at a rate proportional to revenue in each country? ie. if 10% of your revenue happens in country A, then 10% of your world-wide profit must be taxed in country A at whatever corporate tax rate country A offers. This could also be structure as: If 10% of your revenue happens in country A, then 10% of your wold-wide profit must be taken out in country A. Or something similar... perhaps just make it easier to prosecute profit exports for tax evasion purposes. IMO, I would rather see resource based taxing, as companies will find a to optimize taxes no matter what.

mrschwabe 9y ago
We can do even smarter than that. 0% worldwide revenue or profit tax (on both corporations and individuals). Nations, provinces/states, and municipalities and even businesses are free to charge whatever sales tax they want at time of purchase. The massive amount of wealth preserved, saved and created as a result will allow for an exponentially more efficient economy worldwide; one that isn't handicapped by militaries and monopolymen.
- jopsen 9y ago
  sales tax is really bad, won't that encourage large corporations, as transactions between corporations would be taxed? With VAT that doesn't happen.
  - mrschwabe 9y ago
    VAT, GST, etc - yes that is what I meant by sales tax. Let entities charge any tax they like at time of purchase; it is there prerogative; it's a completely non-invasive tax that encourages competition (ie- little or no sales tax entities will be favored) and savings (ie- your not punished for simply earning money).
- deleted 9y ago
  [deleted]
- vidarh 9y ago
  If you want the rise of mass poverty and political instability, then that is how to do it, as it'd destroy government revenues and destroy the welfare systems that were put in place to temper the threat of violent uprisings and revolutions.

by jopsen 9y ago

mrschwabe 9y ago

We can do even smarter than that. 0% worldwide revenue or profit tax (on both corporations and individuals). Nations, provinces/states, and municipalities and even businesses are free to charge whatever sales tax they want at time of purchase. The massive amount of wealth preserved, saved and created as a result will allow for an exponentially more efficient economy worldwide; one that isn't handicapped by militaries and monopolymen.

jopsen 9y ago
sales tax is really bad, won't that encourage large corporations, as transactions between corporations would be taxed? With VAT that doesn't happen.
- mrschwabe 9y ago
  VAT, GST, etc - yes that is what I meant by sales tax. Let entities charge any tax they like at time of purchase; it is there prerogative; it's a completely non-invasive tax that encourages competition (ie- little or no sales tax entities will be favored) and savings (ie- your not punished for simply earning money).
deleted 9y ago
[deleted]
vidarh 9y ago
If you want the rise of mass poverty and political instability, then that is how to do it, as it'd destroy government revenues and destroy the welfare systems that were put in place to temper the threat of violent uprisings and revolutions.