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> Better yet, dump corporate tax altogether and simply enforce a global flat tax on all forms of personal income, both capital gains and salary. Fraudsters ski
by axlee 5y ago
> Better yet, dump corporate tax altogether and simply enforce a global flat tax on all forms of personal income, both capital gains and salary.
Fraudsters skirted that by keeping their corporation's assets on the books and expensing everything, never actually receiving/spending anything themselves.
- pembrook 5y agoPeople are already incentivized to do that in the current system. How does removing corporate tax make that any different?
- notahacker 5y agoBy removing the audit of the corporations.
- m12k 5y agoNo need to cook the books if the government already gave you everything that you'd otherwise have to lie to obtain!
- djbebs 5y agoSmall sibgle owner companies do that a lot. Big multinationals? No
- deleted 5y ago[deleted]
- axlee 5y agoBecause they don't have to. They would go back to that in a heartbeat if they had to. It's about maximizing shareholder's revenues, post-tax.
- pembrook 5y agoThere would be no way to do that with a giant public company. Instead of distributing profits to shareholders, is Microsoft going to buy 1,000,000 BMWs for their investors and hold them on their books as company cars to dodge taxes? Not practical.