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It's a very tricky problem to solve at the individual company level. There are many things to consider and nothing prevents business from just spending more or
by jokethrowaway 6y ago
It's a very tricky problem to solve at the individual company level. There are many things to consider and nothing prevents business from just spending more or moving money abroad to avoid taxes. If a business is big enough to have someone optimising their taxes, they're likely keeping only a proportion of profits in the USA based on how much they want to redistribute to the owners.
In general, Corporate Tax Income is roughly 1-2% of Gross Domestic Product.
Also, big business in the USA lobbies ~3bln per year - it's money going from business to the government, albeit I'd class it more as corruption than taxes.
It's anyway much less than what you pay in %. As it's normal when you have a central corruptible government: whoever holds the more power will get the better treatment.
If Amazon leaves the USA, tons of workers are going to become unemployed. If you leave the USA, it doesn't change much (especially because you'll keep on paying taxes until you renounce your citizenship).
- kwdc 6y agoIt seems like this kind of information would be trivially available in a democracy because not knowing it is an impediment to informed voting. Especially when people are on various committees and lobby groups are involved. Speaks to bias, vested interests etc. Modern democracies should have more data about who is doing what and why. This goes beyond just tax. But it would certainly be informative.