4 ms·
Taxing revenue does shut off many tax loopholes. Accounting can play lots of games with profit/loss, but revenue is much harder to obfuscate. However this basi
by advisedwang 5y ago
Taxing revenue does shut off many tax loopholes. Accounting can play lots of games with profit/loss, but revenue is much harder to obfuscate.
However this basically just seems like a Sales Tax to me, which we already have in most countries.
- evanrich 5y agoAnd would kill a lot of low margin businesses right?
- bpodgursky 5y agoRight, it is crazy to treat the revenue of 2% margin grocery stores the same as 50% margin SaaS products. I don't know what kind of economy these people are trying to build.
- jacobr1 5y agoWhich is why this thinking morphs from sales-tax to VAT, so it captures the revenue across the supply-chain.