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.
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.