4 ms·
The way to tax the corporations is to have a minimum base rate they cannot escape and rules tightened on what qualifies to reduce their rate to that point. the
by Shivetya 7y ago
The way to tax the corporations is to have a minimum base rate they cannot escape and rules tightened on what qualifies to reduce their rate to that point.
the value of personal data can only be quantified if you can follow the path to its eventual sale. If they are not selling it but using to expand their own presence I have no issue. However buyers should be easy to identify along with the transaction value.
i just find it odd government and some who don't like what these companies put so much value into this data when the vast majority really assign it no value. people willfully give up so much and its not going to change because people want to be noticed more than they want to notice others
- akvadrako 7y agoBase rate of what? The problem is that their profit is artificially low.
- AlexTWithBeard 7y agoWhy humans have AMT, but corporations don't?
- gok 7y agoWhat? Corporations absolutely have an AMT.
- AlexTWithBeard 7y agoHmm... Looks like you're right. How do they manage to pay zero taxes then? I thought AMT assumes that once you're beyond a certain level of income, your lose most deductions and essentially pay a certain percent of the income.
- knz42 7y agoThe tax code taxes wins, not revenue. An org that invests all their margin into growth doesn't pay (as much) tax. The best way though is to create an offshore subsidiary, and then have the subsidiary invoice the main office for "services" or "IP licensing". The invoice becomes a cost and is deducted from revenue. "Everyone" (all the big players) do things like that. It's 100% legal.
- pkaye 7y agoThrough subsidiary companies and assigning IP rights, they move their income to a low tax country like Ireland. Its kind of like movie studio accounting. Take Ikea for example. It doesn't make much money because all the profits are sent to a charity that owns the Ikea name.
- grey-area 7y agoPresumably they are thinking of revenue, that would of course be tricky, and quite apart from that set up an incentive to limit revenue. Just as we've seen profit limited by taxing profit (for example Amazon could be making obscene profits, but chooses not to), we would see revenue limited by taxing revenue. I've no idea what that would look like. Has anyone tried it? Just as tax rates have an impact on architecture, they also help to shape companies. https://99percentinvisible.org/article/vernacular-economics-building-codes-taxes-shape-regional-architecture/ https://99percentinvisible.org/article/vernacular-economics-...