Corporation
tax
is
paid
on
profits.
https://twitter.com/ChukaUmunna/status/1049607785745399808 …
Yes, but it is still absurd that the largest global entities pay basically no tax. They choose to expand over taking profits BECAUSE it is tax efficient.
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Expanding is good because that money makes it back to the economy via more jobs etc... the funneling to avoid taxes is the real problem. Either way articles like this one promote misinformation which is detrimental to understanding tax reform.
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I agree that expansion is good, but only to a point. Past that, there is diminishing returns to the consumer (and the aggregate marketplace) due to limited competition in the marketplace. I won’t disagree that business reporting usually has an agenda.
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Do you think paying taxes is better than expanding? My argument would be that taxes are still paid by the salaries that are the outcome of the expansion. To me, it’s almost more beneficial to expand that take corporate gains.
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Expanding tax revenue isn’t the only goal though. The ideal marketplace is one where intense competition facilitates innovation. By creating a marketplace dominated by a few players (oligopoly) with their own ecosystems, innovation is extremely hindered.
End of conversation
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