Jeff Bezos comes out in support of increased corporate taxes

Re:Jeff Bezos comes out in support of increased corporate taxes by rektide on Wednesday April 07, 2021 @01:29AM (#26720893)

Deliberate allowances are created but big companies can hire legions of lawyers to reduce their tax burden, to find all sorts of minutia & excuses & readings of words to take advantage of every subclause they can. The aggregate effect feels enormously poisonous, totally toxic. Mega corporations can adapt far faster than anyone or anything else, including those charged with governing & regulating.

Good governance is hard. And megacorps are an advanced persistent threat that goes to great lengths to claim exceptions for itself.

[ Parent | on HN ]

Re:Jeff Bezos comes out in support of increased corporate taxes by aeternum on Wednesday April 07, 2021 @01:37AM (#26720928)

It only takes one clever accountant to find a loophole. The right fix is to simplify the tax code.

[ Parent | on HN ]

Re:Jeff Bezos comes out in support of increased corporate taxes by idownvoted on Wednesday April 07, 2021 @01:54AM (#26720999)

Guess why most billionaires favor political parties that agitate against simplifying the tax code...

[ Parent | on HN ]

Re:Jeff Bezos comes out in support of increased corporate taxes by chillfox on Wednesday April 07, 2021 @03:27AM (#26721456)

"find all sorts of minutia & excuses"

Usually those are in there to be found and used. Your energy would be better spent being upset with the politicians for putting it in there than the lawyers for finding it.

[ Parent | on HN ]

Re:Jeff Bezos comes out in support of increased corporate taxes by rektide on Wednesday April 07, 2021 @01:53PM (#26728376)

there's a lot of sense to this, but I still continue to believe a lot of very good incentives & governance exist, that help small & medium folk, that intend well. I'm not in favor of giving up & u regulating; when systems benefits are dominated by the big, it's time to re-regulate, try to alter the ellegible beneficiaries.

[ Parent | on HN ]

Re:Jeff Bezos comes out in support of increased corporate taxes by chillfox on Wednesday April 07, 2021 @08:00PM (#26733238)

Absolutely, the solution is better laws and regulations.

[ Parent | on HN ]

Re:Jeff Bezos comes out in support of increased corporate taxes by miemo23 on Wednesday April 07, 2021 @02:09AM (#26721075)

> Mega corporations can adapt far faster than anyone or anything else

i really don't think this is true, many big companies are hopelessly bureaucratic

[ Parent | on HN ]

Re:Jeff Bezos comes out in support of increased corporate taxes by rektide on Wednesday April 07, 2021 @02:18AM (#26721108)

I hugely agree with your sentiment. But I think this case still stands. As opposed to the human "resources" that do the work, which management feels it must direct & organize & lead & regulate, the financial department often speaks the same business school language, is already aligned to the board-level/business-school goals of raking in barrels & barrels of money.

It's also largely a question of what change is required? I've seen a parent company move itself to become a subsidiary of a holding company which is now landed in another nation. It had almost no effect on the day to day. It was paper work.

Megacorps are filled with paperwork. But that doesn't necessarily mean they are bad at it, slow at it.

[ Parent | on HN ]

Re:Jeff Bezos comes out in support of increased corporate taxes by refurb on Wednesday April 07, 2021 @02:22AM (#26721130)

Compared the government? How long did it take to fix the tax law for the Dutch Sandwich or whatever it’s called. A decade?

[ Parent | on HN ]