IT is the cause of rising income and wealth inequality since the 1970s [pdf]

Re:IT is the cause of rising income and wealth inequality si... by hdhzy on Monday August 07, 2017 @06:58AM (#14946580)

Okay sounds good in this case but what if a company really needs to buy a licence from an offshore company, let's say a critical technical part in your manufacturing process. Then you can't deduct it but in reality these are your costs.

Remember that the problem is caused by companies abusing the system but the rules are there because honest companies need to operate.

The real solution would fix the issue while allowing honest companies to work just like they did before. The problem is that software companies are composed almost purely out of intellectual property, that is intangible and hard to really track.

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Re:IT is the cause of rising income and wealth inequality si... by AnthonyMouse on Monday August 07, 2017 @10:01AM (#14947483)

> Then you can't deduct it but in reality these are your costs.

The tax wasn't collected to begin with. The reason you can deduct it when buying from a local company is that they paid it. If you buy from a foreign company that hasn't paid it then you have to because they didn't. It isn't an unfairness, it's the reinstitution of fairness.

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Re:IT is the cause of rising income and wealth inequality si... by aembleton on Monday August 07, 2017 @09:04AM (#14947181)

Then they would need to raise your prices to afford the tax, or select a more expensive locally made alternative.

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