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The problem with this is that older corporations will just create shell companies, funnel all their wealth through them, and then transfer it back through thing
by knowtheory 15y ago
The problem with this is that older corporations will just create shell companies, funnel all their wealth through them, and then transfer it back through things like IP licensing and other immaterial fictional goods.
Tax holidays are not the solution the the US debt, or better use of the US's fiscal resources (and yes the ability to borrow money cheaply is a resource).
- tsotha 15y ago>The problem with this is that older corporations will just create shell companies, funnel all their wealth through them, and then transfer it back through things like IP licensing and other immaterial fictional goods. They would have to. How could an older company compete on such an uneven pitch?
- smokeyj 15y agoIf you're afraid of the system being gamed then no answer will suffice other than the tax code being re-written. Let's not pretend there's a practical answer to the cluster-fuck that is our economic incentive. I would like to challenge the basic premise that revenue should be taxed. If you want to incentivize spending, the answer isn't to make money dirt cheap by means of QE infinity. We've tried that trick and all we have to show for is a series of bubbles. The challenge isn't spending money, it's knowing where to spend it that counts. Propping up mid-sized corporations isn't that place IMO.