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I always wondered why human people have an alternative minimum tax (AMT), yet corporate people don't.
by derekp7 5y ago
I always wondered why human people have an alternative minimum tax (AMT), yet corporate people don't.
- xvilka 5y agoBecause all businesses will just leave to those countries where it isn't the case. Such policies should be subtle and introduced gradually.
- derekp7 5y agoBut the businesses will still need a presence in the countries in which they want to do business (or at least it is easier to do so -- that is how US companies get caught up in needing to comply with things like GDPR or whatnot). So the AMT can be legislated for any company that has a presence in a particular country.