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A comment on What happens when a culture is driven by the need for money to make more money. Parent comment

Re:What happens when a culture is driven by the need for mon... by drumdance on Wednesday November 11, 2015 @03:39PM (#10549110)
This is why I actually favor doing away with the corporate income tax. Hundreds of thousands, maybe millions, of accountants and tax lawyers would be out of work, but on the flip side companies would have no incentive to play all these games and keep money offshore. Just pay a dividend, or don't, and let the investors figure it out.
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Re:What happens when a culture is driven by the need for mon... by plonh on Wednesday November 11, 2015 @04:19PM (#10549364)
Then you'd need a property tax or else the investors can keep accumulating value and never paying tax.
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Re:What happens when a culture is driven by the need for mon... by drumdance on Wednesday November 11, 2015 @04:34PM (#10549468)
No, you'd still tax distributions to investors. Basically, once money touches a personal bank account, it becomes taxable. The difference is that corporations would have much less incentive to hide their earnings.
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