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Re:How Californians Are Weaponizing Environmental Law to Eli... by sharemywin on Wednesday March 08, 2023 @10:29AM (#35070180)
I agree it would be way easier to have a transaction tax than tax corporate "profits"

it could be tiered like income tax.

billion$ corp buy X from a billion$ corp biggest rate.

poor person sells some food to another poor person lowest rate.

Re:How Californians Are Weaponizing Environmental Law to Eli... by rsynnott on Wednesday March 08, 2023 @10:47AM (#35070430)
That's going to make the food that the poor person is ultimately buying from the billion dollar supermarket pretty expensive...

Supermarkets are, generally, ground zero for problems with corporate taxes on things other than profits. They're extremely low-margin, so proposed revenue and transaction taxes would generally just increase prices of everything in the supermarket by whatever the tax is.

(That's just one problem, of course, but it's a very obvious one.)

Re:How Californians Are Weaponizing Environmental Law to Eli... by marcosdumay on Wednesday March 08, 2023 @12:28PM (#35071968)
> on things other than profits

Well, profits or VAT. Even more if you make some actually sane VAT that discounts all VAT paying expenses and all labor expenses.

I'm not sure any VAT on the world fits that description, but it is the one way to make them work as well as profit taxes, but as easy to tax as any other VAT.

Re:How Californians Are Weaponizing Environmental Law to Eli... by rsynnott on Thursday March 09, 2023 @10:43AM (#35082411)
Yes, fair, VAT done right would have a much lower (though still non-zero) impact than transaction taxes.
Re:How Californians Are Weaponizing Environmental Law to Eli... by koheripbal on Wednesday March 08, 2023 @10:57AM (#35070601)
Transaction taxes have an entirely different set of loopholes.

You're not solving anything by switching the form of taxation.