It finally clicked for me that some people seem to believe that there is a difference between a company’s legal minimum tax obligation and a company’s moral minimum tax obligation. I’d be fascinated to see someone take a stab at writing a framework for calculating the latter.https://twitter.com/JoeBiden/status/1139188173131591685 …
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Seems like a false apple/orange. Isn't the implicit proposal to change laws so the legal minimum and the moral minimum are brought to parity?
1) the legal minimum and moral minimum are always at parity. 2) the way to get Amazon to pay substantially more taxes is to eliminate carryforwarded losses, which I don’t think any reasonable person on either side is proposing.
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I don’t disagree with your overall thinking, but do disagree that “legal” and “moral” are always at parity. Many things are both legal and immoral - the legality does not set the mortality.
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Agreed. Not everything that is immoral is illegal, and not everything that is illegal is immoral. What I’m saying is that when it comes to taxes, I struggle to clearly define “moral” in a way other than “legal.”
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