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No, it's a very good move as many digital economy businesses are great at creative accounting making their net receipts look ridiculously small or negative.
by dvfjsdhgfv 7y ago
No, it's a very good move as many digital economy businesses are great at creative accounting making their net receipts look ridiculously small or negative.
- deleted 7y ago[deleted]
- JoshTriplett 7y agoAnd what about companies whose net receipts are actually small?
- dvfjsdhgfv 7y agoI think the current binary law (either gross revenue or net receipts for everybody) is flawed. We have to acknowledge different kind of companies exist. One method of taxation cannot be applied to all. Specifically if you engage in activity like trade and your margins are low, gross revenue taxation is clearly unfair. But devising a balanced and bulletproof taxation system that would protect honest companies while preventing abuse seems extremely hard.
- kortilla 7y agoYet almost every other city in the US has managed to do it. Complete incompetence or just willful negligence?