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A comment on The public has a right to know how companies that pay no taxes pull it off. Parent comment

Re:The public has a right to know how companies that pay no ... by cywick on Tuesday November 03, 2020 @11:20AM (#24980992)
> Tax loopholes (and tax lawyers) exist only because there is sufficient complexity in the tax system/tax code.

I don't think this is entirely correct. Even if there were no deductions and no other complexities, and the corporate income tax was simply based on "all revenue minus all costs", a company could still reduce or even eliminate its tax burden entirely by simply paying IP licensing costs to a different company located in a tax haven.

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Re:The public has a right to know how companies that pay no ... by stjohnswarts on Tuesday November 03, 2020 @02:32PM (#24983091)
Tax any money going to these havens at a similar rate, don't allow it to be a tax deduction if the money is leaving the country.
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