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Is anyone proposing a wealth tax on corporate entities? Not that I've seen. Firms/Corporations already engage in massive profit shifting to avoid taxation. Tha
by rswail 6y ago
Is anyone proposing a wealth tax on corporate entities? Not that I've seen.
Firms/Corporations already engage in massive profit shifting to avoid taxation. That's without any corporate wealth taxes.
So why do you think a wealth tax on an individual's wealth would cause corporations to "uproot and go elsewhere"?
- SubuSS 6y agoDon't most of these individuals hold bulk of their wealth in corporations? They are probably not sleeping on a few billion dollars :) When they have to pay this tax, they will have to dilute the company which in turn affects their control and hold, possibly even the direction of the company over time. So yes - corporations will eventually feel the heat.