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I would personally be in favor of a ~5% flat tax on corporate revenue across the board if it meant replacing the convoluted profit-based tax schemes that curren
by pclmulqdq 4y ago
I would personally be in favor of a ~5% flat tax on corporate revenue across the board if it meant replacing the convoluted profit-based tax schemes that currently exist. The costs of compliance and "tax minimization" are already a couple percent of revenue for many companies, so replacing that cost seems very reasonable.
- trentnix 4y agoThat would adversely affect new businesses and discourage competition for well-entrenched businesses. The net results is that it would handicap growth. Consequently, it’s a terrible idea.
- zefix 4y agoWhy do you think that? If anything bigger buisnesses have more ressources to avoid taxes. - Thus having everyone pay the same would lead to large companies paying more than they do now and small companies would be barely affected.