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No, the tax system is complex because businesses are synthetic entities that can be arbitrarily complex. This is because corporations are allowed to exist unche
by srtjstjsj 6y ago
No, the tax system is complex because businesses are synthetic entities that can be arbitrarily complex. This is because corporations are allowed to exist unchecked since the 19th century. Return to the original intention of corporations, that they must be chartered and regulated in order to preserve their exemption from human individual law, and most of the problem goes away.
- WJW 6y agoThat is a very charitable interpretation of the original intention of corporations. For all intents and purposes, the earliest corporations were the shipping companies in Holland and England of the 16- and 1700s that were made to distribute the risk of colonial trading operations. Chartering and regulation came much later, when the various governmental structures of the time recognized the vast profits that were being made and decided to use their standing armies to get some of that money for themselves. The earliest corporate law is only from ~1798, almost 2 centuries after the founding of the VOC. The original intention of corporations was to make more money for their owners and that is pretty much still the case. Chartering and regulation were introduced later, to curb the worst excesses of human greed. Arguably, this very discussion thread and the push by governments to curtail tax evasion is proof of that ongoing process.