G7: Rich nations back deal to tax multinationals

Re:G7: Rich nations back deal to tax multinationals by ericjang on Saturday June 05, 2021 @12:14PM (#27406254)

I agree about the "corporate tax creates work in tax avoidance", but if corporate taxes are abolished, wouldn't it drive more individuals to incorporate their own businesses?

The tax avoidance industry now shifts to servicing individuals, and again we find ourselves with inequality between individuals who can afford those services and those who cannot.

An alternative way to tax would be to simply raise interest rates, and discourage capital from not being deployed productively.

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Re:G7: Rich nations back deal to tax multinationals by kumarvvr on Saturday June 05, 2021 @12:17PM (#27406283)

Incorporation and maintaining related documentation is a tough job.

I guess one solution could be to classify various types of corporations and tier them. And then tax rules change accordingly.

Similar to how tax breaks are given to startups.

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Re:G7: Rich nations back deal to tax multinationals by nojokes on Saturday June 05, 2021 @12:18PM (#27406291)

If they want to use their money then they have to pay dividends or wage.

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Re:G7: Rich nations back deal to tax multinationals by reedjosh on Saturday June 05, 2021 @12:45PM (#27406549)

Unless they run a catering business out of their home.

They need furniture, computer, food, and a home for that business, so boom...using the money 'for the business' tax free.

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