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Re:We set up an offshore company in a tax haven by AmericanChopper on Friday October 08, 2021 @05:24AM (#28797264)
End corporate taxes and all of a sudden the whole scheme becomes unnecessary.
Re:We set up an offshore company in a tax haven by smackay on Friday October 08, 2021 @05:33AM (#28797310)
Wouldn't you have to rescind the concept that corporations can act as individuals as well?

I'm not sure whether this is a legal, moral or philosophical position but in the spirit of no taxation without representation then it seems right that all political lobbying by corporations would have to be ended as well.

Re:We set up an offshore company in a tax haven by AmericanChopper on Friday October 08, 2021 @05:40AM (#28797340)
They can’t act as individuals. This is a falsehood perpetuated by people who want to make witty hot takes.
Re:We set up an offshore company in a tax haven by shapefrog on Friday October 08, 2021 @06:15AM (#28797561)
God damn the Supreme Court and their perpetuating of falsehoods with witty hot takes.
Re:We set up an offshore company in a tax haven by AmericanChopper on Friday October 08, 2021 @06:27AM (#28797639)
The Supreme Court has never ruled that corporations are people. They ruled that corporations have 1st amendment protections. But yes, that was exactly the type of substance-free hot take I’m talking about.
Re:We set up an offshore company in a tax haven by dragonwriter on Friday October 08, 2021 @06:35AM (#28797692)
> The Supreme Court has never ruled that corporations are people.

“Under the designation of ‘person’ there is no doubt that a private corporation is included.” Pembina Consolidated Silver Min. & Milling Co. v. Pennsylvania, 125 U.S. 181 (1888).

Among others. That corporations are people has never really been substantially in dispute (legal personhood is fairly expressly the central point of the corporate form as an innovation where partnerships already existed), though whether particular references to person, persons, or people in the law are intended to refer to all legal persons or only specifically to natural persons is sometimes in dispute.

Re:We set up an offshore company in a tax haven by flud on Friday October 08, 2021 @05:56AM (#28797442)
Yup, that sounds like the perfect solution to the problem of companies not paying enough taxes
Re:We set up an offshore company in a tax haven by AmericanChopper on Friday October 08, 2021 @06:09AM (#28797510)
Companies were never supposed to pay taxes on their profits, they were supposed pay dividends which are then taxed as income. The desire to tax that profit twice (or 3 times if you count consumption tax) is what creates this whole mess, because you fundamentally can’t force a company to make a profit.

The outcome of trying is a tax system that only applies to SME.

Re:We set up an offshore company in a tax haven by cpursley on Friday October 08, 2021 @07:19AM (#28797956)
Corps don't pay taxes, their customers do in the form of higher prices.