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That's not a revenue tax anymore. That just forces companies to minimize their cash stockpiles through investment, inventory, dividends, etc. How does that mak
by eloff 5y ago
That's not a revenue tax anymore.
That just forces companies to minimize their cash stockpiles through investment, inventory, dividends, etc. How does that make the tax system fairer?
- manquer 5y agoAll those categories have already taxes associated with them Expenses -( VAT/GST etc) R&D/salaries - income tax for employees Divendent - income and other taxes Acquisitions/investments - seller pays capital gain tax etc Disincentizing savings to boost the economy is not only applicable for regular people it also applies for companies. Low interest rates are really today applicable for us. Companies with billions of dollars are getting enough returns to keep cash rather than spend it.