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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There are many moral minimums that people are currently demanding companies live up to that would be better served as regulation. I think this is probably driven by lack of responsiveness in government (from partisan gridlock, regulatory capture, etc.)
Definitely. But in order for Amazon to have paid substantially more in taxes, carryforward losses would need to be eliminated - and I don’t think any reasonable politician is suggesting that be done.