3 ms·

Indeed. Change from corporate tax to VAT, and then no such trickery is possible (tax charged at point of sale)

• robertlagrant 2y ago
  VAT is a much better tax. Tax the flow of money, not the intermediate holding of money by a company.
  • psd1 2y ago
    VAT is regressive. Poor people spend a higher fraction of their income on vat-applicable goods. I'm against it on that basis.
    • robertlagrant 2y ago
      Not all goods are VAT-qualified for that reason. We have that safety valve already.
      • psd1 2y ago
        That sounds a bit like "VAT can't be too bad because we can just not apply it", which I don't find convincing. I agree that it's an easy tax to collect, and I think that's very important. I fundamentally disagree with the grandparent that holds that we should tax flow rather than holding. That's a handbrake on activity. But I suspect we won't reach agreement as it's a question of personal values. If you think that billionaires are great and we need more of them, then I can see how you'd be in favour of vat.
• Dalewyn 2y ago
  Most of the US already has sales tax (it varies by State, county, and city; some have no sales tax).