3 ms·

There's a lot of ways to siphon money out of firms. People declare their car as a "work vehicle", CEOs fly to the beach on the company's jet, etc. So I guess

There's a lot of ways to siphon money out of firms. People declare their car as a "work vehicle", CEOs fly to the beach on the company's jet, etc. So I guess you want some level of corporate tax? (it's the same for why there are large sales tax in developing countries; sure they are less efficient than income taxes, but lots of people evade those)

gruez 1y ago
>There's a lot of ways to siphon money out of firms. People declare their car as a "work vehicle", CEOs fly to the beach on the company's jet, etc. That's why there are specific IRS regulations for this[1]. "Company cars" basically disappeared as a result. Moreover contrary to what you imply, corporate taxes don't really solve this issue either. Corporate taxes are paid on profit, not revenue, and expenses like "work vehicles" or private jets aren't taxed either way. [1] https://www.irs.gov/publications/p15b https://www.irs.gov/publications/p15b
deleted 1y ago
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