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Could introducing a progressive tax on margins in strategic and consolidated sectors be a possible solution? Average business margin is 8%, taxed at 21%, any
by kwere 4y ago
Could introducing a progressive tax on margins in strategic and consolidated sectors be a possible solution?
Average business margin is 8%, taxed at 21%, any more margin would be taxed at a higher rate, reaching a much higher rate on fat margins (like >30%).
Such thing should be limited to strategic sectors like basic food to limit price gouging/profiteering without byzantine controls
- Fatnino 4y agoI think California just did something like this to gasoline products.