Re:Paradise Papers: Dear Tim Cook
by curiousgeorgio on Wednesday November 08, 2017 @10:52PM
(#15659704)
> force tax havens to bring the lowest rate up to something reasonable
Easier said than done. Not going to happen any time soon (or ever, in my opinion).
> Your race to the bottom would only ensure that governments eventually cede all power to multinational corporations.
If corporate taxes are the only thing standing between where we are now and the downfall of governments or the rise of global feudalism, we're already screwed. The corporate tax rate could be 0, and it really wouldn't make that big of a difference in terms of total tax revenue or government power (individual taxes still make up the vast majority of tax revenue).
Easier said than done. Not going to happen any time soon (or ever, in my opinion).
> Your race to the bottom would only ensure that governments eventually cede all power to multinational corporations.
If corporate taxes are the only thing standing between where we are now and the downfall of governments or the rise of global feudalism, we're already screwed. The corporate tax rate could be 0, and it really wouldn't make that big of a difference in terms of total tax revenue or government power (individual taxes still make up the vast majority of tax revenue).