2 ms·
This is completely backwards non-logic. If Facebook weren't avoiding tax, you could say that making Facebook pay News Corp means we lose out on tax revenue (bec
by lmm 3y ago
This is completely backwards non-logic. If Facebook weren't avoiding tax, you could say that making Facebook pay News Corp means we lose out on tax revenue (because they can claim what they pay as an expense). But if they were already not paying tax, then the money they're paying News Corp is coming 100% from their profits and 0% from taxes they would've paid. (And indeed, assuming News Corp doesn't manage to avoid taxes as efficiently as Facebook, the public actually ends up better off, because News Corp does have to pay tax on their profits)