Re:Yellen calls for a global minimum corporate tax rate
by laughingbovine on Tuesday April 06, 2021 @03:00PM
(#26715904)
I don't think you can "withdraw" money from a company you own. Probably John Smith Inc. would pay John Smith the 100k/year as a salary... a salary which is taxed. But, then again, the Planet Money article says to eliminate income tax as well.
Their solution:
> Instead, impose a consumption tax, designed to be progressive to protect lower-income households.
Their solution: > Instead, impose a consumption tax, designed to be progressive to protect lower-income households.