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Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by londons_explore on Monday April 05, 2021 @08:20AM (#26698039)
I wonder what would happen if an entirely new approach to taxation were tested. A jury of 12 random people would inspect a companies accounts, assets etc and decide if the tax paid is "fair". The jury would have no training in tax matters, but would be presented documents produced by the government and the company to argue their cases.

If the tax paid is found to be unfair by the jury, the company gets nationalised with no compensation to shareholders. The government could re-privatize it by auctioning it off again.

Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by kube-system on Monday April 05, 2021 @08:42AM (#26698214)
Predictability is one of the biggest determining factors in economic stability. Places with a weak rule of law are typically not places that people consider well run.
Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by batch12 on Monday April 05, 2021 @08:31AM (#26698116)
So it would be like a criminal trial and be swayed by emotion and presentation-- not the law. I would imagine companies would just move out of the country's jurisdiction, be founded elsewhere, or shut down. I think this would devolve into show trials led by fickle public opinion. Sounds like a bad idea.
Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by sokoloff on Monday April 05, 2021 @08:33AM (#26698143)
That sounds sure to spur a lot of productive activity and long-term investing to support same.
Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by throwaway9870 on Monday April 05, 2021 @09:54AM (#26698993)
Nobody in their right mind would ever create a company in that environment. No bank would lend you money. Nobody would invest. Would you invest your life savings in a company when a random jury could just take it away?
Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by Erlich_Bachman on Monday April 05, 2021 @09:14AM (#26698484)
That is just a very terrible idea.