4 ms·
At a minimum, tax code should be changed to discourage limited liability corporation forms. Personally I'd also like to see that limited liability as a concept
by beefield 4y ago
At a minimum, tax code should be changed to discourage limited liability corporation forms. Personally I'd also like to see that limited liability as a concept would be forbidden in many/most industries/cases. In Brazil the management and owners of a bank may be held liable if bank fails even without wrongdoing. And I think there has not been many failing banks in Brazil...
https://www.economist.com/finance-and-economics/2013/05/04/blind-justice https://www.economist.com/finance-and-economics/2013/05/04/b...
(Paywall, check google cache)