That’s an unfair leap, and I’m surprised you made it. 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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Replying to @zackkanter @michael_nielsen
Zack Kanter Retweeted Zack Kanter
Zack Kanter added,
Zack KanterVerified account @zackkanterIt 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 …2 replies 0 retweets 3 likes -
Replying to @zackkanter
I think I probably misinterpreted your original tweet as implying that you thought there is no difference. Glad to hear that's not the case, and sorry for the misinterpretation.
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Replying to @michael_nielsen @zackkanter
Granted that there often is a difference between what's moral and what's legal, it seems quite reasonable that many people's morality suggests companies should pay more than the legal minimum.
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Replying to @michael_nielsen
I hear that. What I'm wondering is that if people are going to judge companies by a moral standard for taxes (above and beyond legal minimum), how would they go about designing a framework for determining what's moral and what isn't?
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Replying to @zackkanter @michael_nielsen
Yeah it seems to me that moral==legal when it comes to taxes, with considerations: (1) Companies lobby to change what's legal, and they could ask for things that are immoral (like skirting paying fees for damage they caused); (2) The law could be immoral, obv.
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I think there's an implicit "don't push tax minimization to a comical extreme" too. Skip the Double Irish Dutch Sandwich even if it's technically legal.
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Yeah, I think it's hard to find the right line there -- what's technically legal vs. actually legal mean. Like, lawmakers should be responsible for writing laws where you can do the right thing by just obeying the law, technically.
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Why not enforce the spirit of the law with some latitude for enforcement? "Companies have an obligation to pay the technical minimum taxes they can manage" sets up a perpetual arms race that gov't is unlikely to win.
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Also enforcement judgment is a classic corruption trap -- the company that plays nicest with the regulators gets treated differently than the one that focuses on doing its job. The fact that successful people spend SO MUCH TIME thinking about tax, in general, is awful.
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Sometimes I think about the incredible things the greatest minds in our generation could achieve if we simplified taxes and outlawed frequent flier programs.
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