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A comment on 40% of multinational profits are shifted to tax havens each year. Parent comment

Re:40% of multinational profits are shifted to tax havens ea... by khyryk on Tuesday November 19, 2019 @10:20AM (#21573713)
Rich people rarely buy stuff in proportion to their greater income (earning 100x more but not buying cars worth 100x more, etc). This would mainly affect the not-so-rich people, who, given fixed purchase budgets, would probably respond by consuming less, which is likely to hurt businesses with lower demand for just about any product.
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Re:40% of multinational profits are shifted to tax havens ea... by appleiigs on Tuesday November 19, 2019 @11:16AM (#21574575)
> This would mainly affect the not-so-rich people, who, given fixed purchase budgets,

Certain items can be excempt from sales tax, such as groceries.

> Likely to hurt businesses

Since when is the HN crowd worried about hurting businesses. Most people here want higher taxes for corporations.

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