it's the same situation where a company gets to pay tax on profits, but a human have to pay tax on revenue (their income).
I want to see this equalized - either allow humans to pay tax on profits only (i.e., they can deduct all expenses of their living), or tax a company's revenue like how a human is taxed.
Re:Why northern Europe is so indebted
by KptMarchewa on Wednesday March 03, 2021 @08:01AM
(#26327750)
That makes no sense. Current tax systems assumes that only people are taxed at the end - taxes such as VAT are in practice paid only by end consumer. Company taxes disincentivizes "taking profits" out of the company by not taxing expenses - wages, investments, costs of doing business. And they should properly exclude personal tax dodges, such as creating fake company to buy house and live in it.
The flip side might be true, but I think it's not as easy. I have a meeting now, so I can't go into detail (and not think about the details; ergo you might still be 100% right!). But if private buyers - those who would rent - can more easily compete with companies on buying, companies need to make renting more attractive. But maybe that effect is negligible.