4 ms·
Welcome to the future where only big companies survive. As a small business you don't have means to avoid taxes. As a multinational corp you just invent researc
by snidane 5y ago
Welcome to the future where only big companies survive. As a small business you don't have means to avoid taxes. As a multinational corp you just invent research, marketing and other fictitious expenses between your branches and always come up with expenses close to incomes, paying 15% corporate tax of close to zero net profits You operate very efficiently in the market where other participants have to carry the 15% deadweight as they are unable to avoid it like you.
After certain rounds of Mergers and Acquisitions to achieve ever bigger economies of scale incentivized by the tax system we end up with a few single players per market, if not only a single one. Such bureaucracies become almost indistinguishable from state owned companies operated under soviet union.
How that ended up you can find in history textbooks.
- wolverine876 5y agoThe minimum applies only to large corporations.