Re:New law lets you defer capital gains taxes by investing i...
by AnthonyMouse on Thursday October 18, 2018 @07:36PM
(#18253254)
There is a much simpler solution for the vertical integration problem. If you buy something from another company which has already paid tax on it, you don't have to pay tax on it a second time. The resulting tax is called VAT.
Tax rates will probably need to go down and this is obviously just a thought experiment because no change is possible as we are too comfortable being hypocrites.