Re:Jeff Bezos comes out in support of increased corporate taxes
by hollerith on Wednesday April 07, 2021 @03:23AM
(#26721428)
Sales tax is essentially a tax on corporate revenue.
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Re:Jeff Bezos comes out in support of increased corporate taxes
by kelnos on Wednesday April 07, 2021 @05:28AM
(#26722286)
Is it? In the US, at least, sales tax is taken on top of listed prices (it's uncommon for an establishment to list "tax included" prices), so essentially a customer is paying for the product and then paying the government on top of it.
Unless your thought is that businesses would charge more if there was no sales tax. I don't really buy that, though; businesses list pre-tax prices specifically to avoid sticker shock.
Re:Jeff Bezos comes out in support of increased corporate taxes
by Thev00d00 on Wednesday April 07, 2021 @04:29AM
(#26721875)
It does not capture any B2B revenue?
Re:Jeff Bezos comes out in support of increased corporate taxes
by makomk on Wednesday April 07, 2021 @05:44AM
(#26722468)
Intentionally so, because taxing B2B revenue is effectively a financial penalty for not being a huge vertically-integrated megacorp. It means that any goods which have more than one company involved in their production are taxed at a higher rate than ones where every step is done in-house. This is not generally a desirable tax incentive.