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The economic theories that suggest taxing companies is pointless. You could instead focus on taxing the individuals who profit from the company which might result in the employees getting paid more
fuck yeah, I fucking love trickle down.
Sumo-
It's a bit misleading to characterise that as trickle down. It's just a different route.
Like reducing / removing VAT in favour of increasing IT.
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Not advocating it but the alternative didn't work in the late 70's. All the big earners just f**ked off to the Netherlands. Is it an urban myth that the Rolling Stones are still tax registered as greengrocers in Holland?
hugo7
Airhead
It's not just direct tax on companies that creates revenue. Financial institutions and lawyers also generate income and in some cases pay tax due to the transactions associated with the commercial business. That kind of income is a big deal to our economy at the moment, not sure how it compares as a percentage of GDP with the BVI for example but those islands that have tax loopholes do derive income from the associated business which raises their standard of living. It's another dog whistle subject.
The economic theories that suggest taxing companies is pointless. You could instead focus on taxing the individuals who profit from the company which might result in the employees getting paid more.