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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It probably also has to do with the effort involved. Legal ways to reduce taxes that require eg. 10+ lawyers or entities in multiple countries give large cos an advantage over smaller ones that many perceive as unfair.
How would you codify this? What’s the maximum amount of effort ($) allowed in tax optimization in order to maintain morality?
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I think any possible exchange of fixed $ for a lower % of tax feels unfair if this exchange is not evenly accessible for all players. Don't know exact level where this starts. I'd say a scheme that eg costs $1M+ to reduce taxes 5% qualifies because only 'available' to $20M+ cos
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