2 ms·
Taxes vs GDP runs into the issue of ownership of assets not being limited to a single country. When Walmart/Amazon/etc pays taxes and issues a dividend some of
by Retric 2y ago
Taxes vs GDP runs into the issue of ownership of assets not being limited to a single country. When Walmart/Amazon/etc pays taxes and issues a dividend some of that money is diverted from US stockholders but ~40% is diverted from foreign entities.
It’s an inherent advantage of corporate taxes over income taxes, you simply get more resources from the same burden on your citizens.