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I agree that corporate taxes aren't strictly required. They are useful though, if you think about international capital markets. Without corporate taxes, foreig
by nwellnhof 7y ago
I agree that corporate taxes aren't strictly required. They are useful though, if you think about international capital markets. Without corporate taxes, foreign investors could extract all profits from a company, without paying any income tax in its country of residence. You are right about double taxation, but you can think of corporate tax as a part of income tax that is guaranteed to benefit the country where the company is registered.
- kevin_thibedeau 7y agoI don't want my fire engines used to protect someone's property who isn't paying to support them.
- s1artibartfast 7y agoI'm not sure if you are being sarcastic or not, but somebody owns that property and is paying income or capital gains on any realized profit.
- ghaff 7y agoAnd is probably paying property taxes which are the specific tax paying for the fire engine in a lot of US jurisdictions.
- s1artibartfast 7y ago>Without corporate taxes, foreign investors could extract all profits from a company, without paying any income tax in its country of residence. Howso? You still have income tax and capital gains tax.
- buboard 7y agowhich is zero if you re resident in some interesting countries.