Re:Refusal to recognize the rise of independent contractors ...
by danieltillett on Saturday October 08, 2016 @08:53PM
(#12669377)
The problem with not taxing corporations is the rich can use corporations as a tax free saving vehicle.
There is a great need to simplify regulations, but until the political system is reformed it will be hard to prevent the political class conspiring with vested interests to create regulations. Fix the cause not the symptoms.
Re:Refusal to recognize the rise of independent contractors ...
by coredog64 on Saturday October 08, 2016 @11:25PM
(#12669745)
> The problem with not taxing corporations is the rich can use corporations as a tax free saving vehicle.
I think this is more myth than reality. The IRS has a very good nose for finding people who are attempting this particular tax avoidance strategy.
Re:Refusal to recognize the rise of independent contractors ...
by danieltillett on Sunday October 09, 2016 @12:23AM
(#12669885)
Yes they do now, but if you stopped taxing corporations then it would be a lot harder.
The system we use in Australia is quite good. Corporations pay income tax, but any tax paid is passed onto the shareholders in the form of a tax credit (franking credits).
Listen to it! You will enjoy it!