Re:G7: Rich nations back deal to tax multinationals
by galangalalgol on Saturday June 05, 2021 @09:30AM
(#27404831)
A flat tax on business without deduction seems like it would squash smaller players that must devote a larger percentage of their profits to fixed costs.
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Re:G7: Rich nations back deal to tax multinationals
by EastSmith on Saturday June 05, 2021 @01:09PM
(#27406771)
Deduction means hiring people to do your deductions. Flat rate for everyone means less money spent on tax consultants.
Re:G7: Rich nations back deal to tax multinationals
by galangalalgol on Saturday June 05, 2021 @01:22PM
(#27406892)
I was thinking of either a standard deduction, or a deductionless progressive tax