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As a reminder: every business, everywhere, already gets a 100% tax exemption on every cent spent on hiring employees, buying new equipment, etc. ANY money inve
by jellicle 7y ago
As a reminder: every business, everywhere, already gets a 100% tax exemption on every cent spent on hiring employees, buying new equipment, etc. ANY money invested into ANY business equipment, hiring more staff, or whatever you might do to expand the business is completely tax-free and always has been.
Tax incentives or corporate tax breaks apply only to money retained by the owners as profits. Therefore, any tax incentives you give are encouraging the owners to keep more of the business's money as profits and to invest less in the growth of the business.
- newguy1234 7y agoRight but the problem with business is that it is risky. If there are no profits, why risk your capital in the first place? Might as well just buy gold bars or art.