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I'm increasingly of the opinion that there should be no corporate taxes. Instead there would have to be restrictions and incentives to encourage corporations to
by comrade1 12y ago
I'm increasingly of the opinion that there should be no corporate taxes. Instead there would have to be restrictions and incentives to encourage corporations to spend and not horde their cash.
The reason I've come to think this is seeing how multi-nationals are able to move their profits around the world to reach a corporate tax rate of 0, giving an unfair advantage when competing against local companies that must pay tax.
We already have profitable companies paying 0% tax - this would just give this advantage to non-multinationals.