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What you’re proposing is a tax on revenue, rather than a tax on profits. That is what a sales tax is.
by AmericanChopper 5y ago
What you’re proposing is a tax on revenue, rather than a tax on profits. That is what a sales tax is.
- ipaddr 5y agoIf a tax on revenue was used the outcome would be companies would try to increase profits but reduce revenue so high margin products would be the goal which would mean higher prices / fewer sales. I think the solution should be market based. Whatever rate google US gets from google Ireland should be available to any company and google Ireland should be forced to sell any services/ip to any company who requests it at that rate. Doing anything else means the cost of the IP google Ireland charges to google US is made up.
- boolemancer 5y agoThe problem in this case is that no other company would agree to pay 100% of revenue to Google Ireland for their services. Google Ireland is overcharging, not undercharging.
- alasdair_ 5y agoI would pay 100% revenue. I’d then just give it all away for free so my revenue was zero.
- salawat 5y agoCongratulations, by forcing a company to sell to everyone indiscriminately, you've effectively seized their assets. I don't really see the whole "let's unmake ownership and property rights" thing being feasible, but I've been wrong before.
- ipaddr 5y agoIf you wish to use this tax credit you can choose this path.