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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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.
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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Isn’t this almost the definition of a tax “loophole”? I.e., something that - whether by mistake or trickery during legislation - is technically legal but violates the “spirit” (intended morality) of the law.
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There’s a tweet for that...https://twitter.com/zackkanter/status/1139675973421375488?s=21 …
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