Re:Paradise Papers: Dear Tim Cook
by eru on Wednesday November 08, 2017 @08:02AM
(#15651956)
There are taxes that are harder to skip than others. (At the risk of sounding like a broken record, land value taxation is basically impossible to avoid if you are using land.)
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Would that really be effective? A lot of very large companies may just own very little land.
You'd pay for land by value, not amount.
So Google owning an block in Manhattan to put their office on would probably garner a higher bill than a farmer with a bunch of fields.
But yes, you can side-step the tax by using less land and eg more capital. (But that's fine, somebody else will use that land you are not using, and pay the tax for it. And if everyone is doing that substitution, it'll make land more expensive in the end.)