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a) It is in the interest of all companies, shareholders, and consumers for corporations to pay the smallest amount of tax possible. Higher taxes are simply pass
by clarkmoody 14y ago
a) It is in the interest of all companies, shareholders, and consumers for corporations to pay the smallest amount of tax possible. Higher taxes are simply passed on to consumers in the form of higher prices or lower supply of products.
b) All of this 'tax dodging' is perfectly legal. But the laws are not perfect that incentivize this sort of behavior.
c) Of course the Europeans opt for some larger-government solution, all in the name of 'fairness'. I say that much injustice indeed has been done in the name of this fairness, since those with the lawmaking power are the ones who decide what's 'fair.' These outcomes usually do not promote liberty, free markets, or growth.
d) I'm sick of those who spout off this 'fair share' business about taxes. Show me some figures on who is paying the taxes and who is free-riding (as far as personal income tax goes), and I will then be able to hear an argument about 'fair share.' Hint: the top few percent pay the vast majority of income taxes.
- ed209 14y agod) ok, great! We'll all use off-shore companies to get our taxes down to a few %. Then let's see how we fund the NHS, roads, infrastructure, education, welfare and everything else you use daily that you don't pay for directly.
- clarkmoody 14y agoYou seem to have missed the point: government spending is far too high across the board. You could tax the rich in America 100% and still not have enough money to run the government for more than a couple months!
- ed209 14y agoThat's not what your point d) says.