News for hackers. Stuff that matters.
Re:Apple to Pay £3.8m Tax on £1.2bn UK Sales by petercooper on Monday July 01, 2019 @10:56AM (#20325884)
If companies were taxed on their revenue rather than profit, it'd be an interesting world. I'd love to see a calculation of what would occur, but I'm guessing prices would go through the roof as every single step of the supply chain for every product would have to add 10-20% to cover the taxes.
Re:Apple to Pay £3.8m Tax on £1.2bn UK Sales by ukoki on Monday July 01, 2019 @11:28AM (#20326313)
Yes. And vertically integrated companies would have a huge advantage, making it really hard for smaller companies to compete.