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A comment on Microsoft Irish subsidiary paid zero corporate tax on £220bn profit last year. Parent comment

Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by axlee on Thursday June 03, 2021 @09:15AM (#27380792)
> Better yet, dump corporate tax altogether and simply enforce a global flat tax on all forms of personal income, both capital gains and salary.

Fraudsters skirted that by keeping their corporation's assets on the books and expensing everything, never actually receiving/spending anything themselves.

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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by pembrook on Thursday June 03, 2021 @09:24AM (#27380922)
People are already incentivized to do that in the current system. How does removing corporate tax make that any different?
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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by notahacker on Thursday June 03, 2021 @09:28AM (#27380981)
By removing the audit of the corporations.
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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by m12k on Thursday June 03, 2021 @09:43AM (#27381199)
No need to cook the books if the government already gave you everything that you'd otherwise have to lie to obtain!
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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by djbebs on Thursday June 03, 2021 @09:30AM (#27381003)
Small sibgle owner companies do that a lot. Big multinationals? No
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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by axlee on Thursday June 03, 2021 @09:49AM (#27381300)
Because they don't have to. They would go back to that in a heartbeat if they had to. It's about maximizing shareholder's revenues, post-tax.
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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by pembrook on Thursday June 03, 2021 @10:42AM (#27382107)
There would be no way to do that with a giant public company.

Instead of distributing profits to shareholders, is Microsoft going to buy 1,000,000 BMWs for their investors and hold them on their books as company cars to dodge taxes? Not practical.

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