Re:European Union plans to tax tech giants on local revenue
by decebalus1 on Monday March 05, 2018 @06:22PM
(#16525500)
> Taxing on revenue rather than profit feels wrong. If you run a loss you're still on the hook for taxes? That doesn't make sense to me.
It does not make sense.
For example I too would like to pay taxes only for what's left from my salary after paying my rent, my food, my clothes, all the books I read, entertainment I consume, etc..
Basically only for my 'profits' after I reinvest everything back so I would only pay taxes for my savings account [1] (which will probably be 0 as that money would be invested somehow).
It does not make sense.
For example I too would like to pay taxes only for what's left from my salary after paying my rent, my food, my clothes, all the books I read, entertainment I consume, etc..
Basically only for my 'profits' after I reinvest everything back so I would only pay taxes for my savings account [1] (which will probably be 0 as that money would be invested somehow).
It does not make sense!
[1] https://itep.org/amazon-inc-paid-zero-in-federal-taxes-in-20...