Re:Facebook tax court trial begins over Ireland offshore deal
by seibelj on Wednesday February 19, 2020 @12:29AM
(#22363254)
There will always be loopholes. Any corporate tax rate above 0% will have carve outs for any number of industries that are favored for any number of reasons. If it was 0, huge swaths of busy-work jobs in law and tax industries would go away. They provide no value to society.
[ Parent
| on HN ]
Re:Facebook tax court trial begins over Ireland offshore deal
by andrepd on Wednesday February 19, 2020 @10:55AM
(#22366576)
But in a capitalist system, that which could be good is a problem. Now you have swathes of people who become unemployed. You now probably have to support them with welfare (and without corporate tax revenue to boot :)).