Comparing company REVENUE to taxes paid is bias. Very ideological at best. We tax on profits. If a company didn't make a profit you can't tax revenue. it's also understand by economist. Corporate taxes fall on consumers and workers.
@@raylopez99 We now want to tax unrealized "profits". If there is a paper profit then let's tax it. Who cares that the tax payer hasn't realized the cash to pay, just tax it.
So, we end up with either companies moving out of the country so we lose jobs and tax revenue, or we have companies staying and hiking up prices so we pay more for items we need. I don't see the win anywhere in that.
Here in the US, as long as our tax code allows for various deductions, write-offs, and the like, it won't matter what the tax rate on individuals or businesses is.
various deductions, write-offs and the like???? Do you think we should just tax revenue and not allow a deduction for labor cost, material cost, or a write-off for a truck that caught on fire, or depreciation on the equipment? What deductions and write-offs do you think are so egregious they shouldn't be allowed?
This only benifits rich and powerful countries so Basically the rich countries will do an average corporate rate tax for all countries So these small countries like bahamas, malta, Ireland, cayman Island and many more will lose tax moneys from companies that is under their tax rate so these big companies will go back again to their perspective countries and the country that onced had small tax rate will not prosper the same way like before
I agree, countries already have ways to tax large international corporation as much as they like through things such as digital services tax, this change seems like an effort to crush small countries and monopolise powerful corporation inside their own borders.
So the US has the audacity to have dual citizens who were born in the US and now live in a different country report their income abroad and tax them but do not do this for companies that were founded in the US?
It exists for companies founded in the USA as well. But they only have to pay it when they bring bring money back to the USA. So companies keep their money offshore
Are you saying you want to pay more than you already do for goods and services? 100% of all corporate taxes are always passed to the consumer in the form of higher prices.
When will they get a clue? Companies NEVER truly pay tax - people do. Corporate Tax rates should just go to zero. It will save companies money on accountants, attorneys, lobbyists, and payoffs...and ultimately all of us would pay LESS tax since we are the ones who truly pay all the tax anyway.
Uh no. First off those location that has low tax doesn't make revenue for the companies. Why the hell do you think these companies can hide in these low tax countries even though they made profit from other countries?
@@RicePho Ireland Benefits greatly from low corporate taxes. They receive billions in investment. Billions of dollars of inflow capital. Ireland sees no down side.
@@RicePho In that case then Malta should be removed from the list because all the companies are public access online . Countries with no revenue cannot expect all the money from its people ... Google and amazon won't sweat over this, only consumers will.
What will be done with the revenue collected by this global tax system? Who collects the money 💰? Who will oversee this process? All questions not ask...
Corporate tax are tax on income, income deductions and write off, and roll over previous loses. There's a different between tax rates and your effective tax. Any tax economist would tell you that.
These guys will Never learn. This will not change anything. It doesn’t matter what rate you change it to, it could be 90%. 90% of Zero Profit is STILL ZERO!
The collapse of empires often stems from the failure of the tax base. The last emperor of the Ming Dynasty, Chongzhen, had asked his ministers, local officials and royal relatives to provide him with military expenses, but almost no one responded. When the peasant uprising army broke through the city of Beijing, the treasuries of officers‘ houses were jaw-dropping. The number of silver ingots, alone, was counted in millions. Then, when the Qing army made slaughtering in the south, the wealths and grains storages they robbed from the big landlords and merchants was even greater than that of the ministers in Beijing.
I'm all for large corporations and super wealthy to pay as much as the working class; however, let's figure out where this TAX goes. It's not difficult to see that war or defence as some call it is worth billions. So, if it isn't TAX who pays for it!?
No need to increase taxes just kit gov expenses like stop spending on military close military and spend them on people and saving earth we no more need military we need to develop science to protect ourself the new era has came we should unite to save ourself now.
LOL... Probably You just landed from Mars....You are delusional if you think We don't want Military at all... Also Suggest some replacement Jobs for more than 10Mil.Defence personnel and Defence industry Workers.....
@@DhrubajyotiRaja01 some military is fine. But the USA spends 50% of all tax revenue on Military and is more than the next 10 countries combined. 7 of which are allies...
@@frostman9661 As per the data, US collected almost 3.5T$ in Taxes and spent 730B$ in Defence in 2020... So it is nearly 21% not 50%....And You are clearly not seeing the 2.8M people US DOD employees as World's largest Employer and Tens of Millions of People in Defence Manufacturing Industry... *Can You Suggest some sectors in US that can Replace those Good-Paying Jobs* .....
@@DhrubajyotiRaja01 I should have been more specific. It spends approximately 50% of its "federal discretionary budget" on military. You can look it up. As for jobs, so you are advocating to keep the massive military budget primarily to keep people employed?? So... socialism? Hmmm... Can you imagine if even 25% of the military budget was used to build and repair USA's crumbling infrastructure how many high jobs that would create? That's just one option to absorb many of those jobs. But also take a moment to considerhow much more beneficial it would be to society to build infrastructure, invest in R&D in medicine and technology than building fricken aircraft carriers or maintaining it's tens of thousands of nuclear weapons? The USA military is a bloated mess which is very unnecessary at it's gargantuan size.
@@frostman9661 If you are so much of a Fan of Infrastructure Myth,Let me bust some Myths.... 1.Huge Infrastructure Spending can't really create that much new Jobs... On the recent note Biden's 3T$ Infrastructure Plan, *Moody's* ran analysis that if that Plan Passed it would create 19M new Jobs in US and Even If it doesn't then would create 16M new Jobs,so the Infrastructure Plan would just create extra 3M Jobs not 19M. 2.You said boost to R&D spending... R&D spending isn't always Proportional to Number of Jobs... *General Dynamics* has 38B$ in revenue and yet Employed 100K compared *NIH* (National Institute of Health) Employed 20K Employees with a budget of 40B$. 3.Keeping Military Jobs in not being Socialist..In almost Every Country whether Socialist/Capitalist Department of Defence has always been the largest Employer.Huge Military Spending isn't bad at all... *And Don't forget whether the Internet itself,GPS or the Recent mRNA vaccine by Moderna is the Fruit of DARPA*
Better run countries have their budget and spending in check. Mismanaged governments always need higher taxes to fund themselves for popular vote. Is it?
Tge company not just for paying corporate taxes but sales tax, vat, property tax, income tax, etc. The net income is not zero but wealth deficit instead.
Corporations are considered double taxed. Wages to employees are taxed at one rate. Revenues after expenses are taxed at another rate. Payments to shareholders are taxed at another rate. Realized gains on stock are taxed at another rate. Seems more like quadrupled taxed. The difference between the USA and the euro countries isn't there corporate tax rates because all the rates are close enough. The difference is individual income tax. Everyone in Europe are taxed at a much higher rate thane US citizens. People in the US think they can get all the goodies they want from government by taxing corporations. All they'll get in the end is inflation, unemployment, and bankruptcy.
I think the only competition must be allowed is for the value and quality of the product, not the price. Then companies will feel more pressure to deliver good products to customers not just disposable one time use goods that end up in the trash 🗑
I not understand when depression in economy industry shut down and loss job some says is threat to quality of life ,when industries grow they give employment also say is threat for poor ?
This is literally the creation of a cartel rich countries using their influence to pressure countries that have less natural resources and income. this would be devastating to countries that excel in their respective regions like Singapoure,Ireland,Estonia,Rwanda and Switzerland This kind of thing should be competitive, just like tax differences in each state of the USA, companies and ppl will decide where to live and pay their taxes.
@@frostman9661 thats not the problem here, they do have to pay their taxes, but you cant force countries to agree with policies that they dont want to, just because the rich nations said so, its literally telling singapoure, Switzerland, Rwanda and etc to start losing money theres other ways to make this companies pay taxes, that wont be a coersion method to other countries and wont harm consumers what the G7 is proposing is just stupid and shows a lot of their reluctance to change government and public entities spending and their balace sheets
@@frostman9661 sry but this wouldnt make any sense, if the countries that are "benefiting the trillion dollar companies" or whatever you call it just dont agree with it, the "problem" will this be there, besides they are changing tax system for international companies worldwide , its not even a question if it will affect other countries. it will damage the countries I listed above, and again it IS a cartel
Here everybody blaming corporates but they pay lot of taxes but govts introduce new taxes like corporate tax on their income so corporates instead of paying tax they invest on research and infrastructure so their wealth increases.
abolish the income tax and move to a progressive consumption tax things like second homes and yachts big luxury items a 50% tax. items like clothes food and medicine taxes at 1%-2% or whatever it needed to be. Then you could file your taxes on something the size of a post card.
Do you remember how the media threw daily tantrums of how Trump retaliatory trade tariffs would mean higher prices for consumers? Have you heard a single peep about Biden’s corporate tax hikes adding to consumer prices???
Yeah, right, big companies will NEVER pay more, they will keep growing and keep making us THINK that they're tryna change, don't get your hopes up for anything (I'm talking to you, the person reading this)
Big tech is happy to see a global corporate tax cuz its gona kill their competition for them. similar to how amazon is lobbying for 15$ minimum wage. Big tech are the ones with one of the highest margins, this doesn't hurt them. this helps them kill their competition. On the surface they look good but does it help solve our current problems? and don't forget these are big companies that has spend billions in lobbying. sure they will be the final beneficiary of this global tax.
why is this guy using sales and revenue and saying they are not being taxed, surely its profits that are taxed, give us the profit figures, net profit and not sales numbers,
I don't care if company or rich people pay or not if they just do better for country that there work like education, health, infrastructure, etc. either way government of world isn't efficient nor effective to this economic development.
no, if a country is willing to reduce corporate tax rates to attract more private entities, IT SHOULD BE ALLOWED TO DO SO this is a big f*** you to countries that wants to attract ppl using good business enviroments like Singapoure,Rwanda and Switzerland. This is a cartel
@@joaopedroraffo7964 Countries can also impose economic sanctions on those companies and tax havens. Trade Wars would be the end result. Trade Wars can result in actual nuclear wars. So, getting corporates to pay taxes is good for everybody.
@@coolbuddyshivam “Trade wars can lead to nuclear wars” with this logic any dis agreement can lead to war, we should all just not deal with each other. It’s better for everyone.
@@frostystallie8736 Any disagreement can evolve into war when it is not addressed at appropriate time. Any war can escalate to nuclear war is something anyone can understand. You can study history if you don't understand this simple logic. Also, just look at how aggressive China and US are becoming since onset of trade war if you don't have any time for history.
This is just stupid. Do what every country already does with privately held local businesses. Pass through income to the shareholders and have shareholders pay the tax at their income tax rates. Corporate shareholders include retirement funds, insurance companies, charitable foundations, and plenty of poor people. They get taxed too. Instead, simply abolish the corporate income tax, *and* the preferencial rates for capital gains and dividends that literally every single one of these countries has.
There's zero necessity for the coin-in-the-jar part.
Is it there so that he can flirt with her
Bless to Yahweh
Its all drama for tv
We might have gotten a little carried away... 🤫
Comparing company REVENUE to taxes paid is bias. Very ideological at best. We tax on profits. If a company didn't make a profit you can't tax revenue. it's also understand by economist. Corporate taxes fall on consumers and workers.
Bless to Yahweh
You from the 1980s kevin? We're all socialists now.
@@raylopez99 We now want to tax unrealized "profits". If there is a paper profit then let's tax it. Who cares that the tax payer hasn't realized the cash to pay, just tax it.
@@RH-cv1rg Or you could spend less on undeserved people. Social Security should be means based, no need for rich grandma to get such a nice check.
That coin intro was the weirdest flirting I've seen.
Tom is such a playa
@@TomNook. he is British
Bless to Yahweh
Go back to China
So, we end up with either companies moving out of the country so we lose jobs and tax revenue, or we have companies staying and hiking up prices so we pay more for items we need. I don't see the win anywhere in that.
GLOBAL corporate tax, not national or federal. Reading comprehension is a hell of a skill.
Here in the US, as long as our tax code allows for various deductions, write-offs, and the like, it won't matter what the tax rate on individuals or businesses is.
You do realize President Biden was the one who suggested this, and there are many more places on Earth that don't tax businesses at all.
@@IkeOkerekeNews It doesn't matter who suggested it, it won't accomplish its goal in the US as long as our tax code remains the same.
@@retnavybrat nor would it of improved our economy since government would just waste money like usual and make rich politicans still rich
@@darkzeroprojects4245 True.
various deductions, write-offs and the like???? Do you think we should just tax revenue and not allow a deduction for labor cost, material cost, or a write-off for a truck that caught on fire, or depreciation on the equipment? What deductions and write-offs do you think are so egregious they shouldn't be allowed?
This only benifits rich and powerful countries so Basically the rich countries will do an average corporate rate tax for all countries
So these small countries like bahamas, malta, Ireland, cayman Island and many more will lose tax moneys from companies that is under their tax rate so these big companies will go back again to their perspective countries and the country that onced had small tax rate will not prosper the same way like before
I agree, countries already have ways to tax large international corporation as much as they like through things such as digital services tax, this change seems like an effort to crush small countries and monopolise powerful corporation inside their own borders.
So the US has the audacity to have dual citizens who were born in the US and now live in a different country report their income abroad and tax them but do not do this for companies that were founded in the US?
It exists for companies founded in the USA as well.
But they only have to pay it when they bring bring money back to the USA.
So companies keep their money offshore
Are you saying you want to pay more than you already do for goods and services? 100% of all corporate taxes are always passed to the consumer in the form of higher prices.
When will they get a clue? Companies NEVER truly pay tax - people do. Corporate Tax rates should just go to zero. It will save companies money on accountants, attorneys, lobbyists, and payoffs...and ultimately all of us would pay LESS tax since we are the ones who truly pay all the tax anyway.
Ah yes don't try to fix the problem, just sweep it under the rug.
Rich countries benefit while the country that need the revenue from attracting business with low taxes are going to suffer.
Uh no. First off those location that has low tax doesn't make revenue for the companies. Why the hell do you think these companies can hide in these low tax countries even though they made profit from other countries?
@@RicePho Ireland Benefits greatly from low corporate taxes. They receive billions in investment. Billions of dollars of inflow capital. Ireland sees no down side.
@@RicePho In that case then Malta should be removed from the list because all the companies are public access online .
Countries with no revenue cannot expect all the money from its people ...
Google and amazon won't sweat over this, only consumers will.
What will be done with the revenue collected by this global tax system? Who collects the money 💰? Who will oversee this process? All questions not ask...
Still early days, but good questions to ask.
yes thank god....the first real blow to reaganomics
A country should just tax every transaction made with that country’s currency.
Corporate tax are tax on income, income deductions and write off, and roll over previous loses.
There's a different between tax rates and your effective tax.
Any tax economist would tell you that.
These guys will Never learn. This will not change anything. It doesn’t matter what rate you change it to, it could be 90%. 90% of Zero Profit is STILL ZERO!
PAY TAX WHERE THEY OPERATE
NOT WHERE THEIR HQS ARE
Please cover Base Erosion and Profit Sharing BEPS in one of your documentaries! The effective tax rate in Ireland can be as low as 0.15%!
Muito competente, minha linda Sílvia Amaro.
Granse jornalista, beijinhos 😘💖
First will they tax the corporation with 15% global minimum tax.
Then they will tax every income with 15% global minimum tax.
Well I can get behind that as long as the money is put to a good use
The collapse of empires often stems from the failure of the tax base.
The last emperor of the Ming Dynasty, Chongzhen, had asked his ministers, local officials and royal relatives to provide him with military expenses, but almost no one responded. When the peasant uprising army broke through the city of Beijing, the treasuries of officers‘ houses were jaw-dropping. The number of silver ingots, alone, was counted in millions.
Then, when the Qing army made slaughtering in the south, the wealths and grains storages they robbed from the big landlords and merchants was even greater than that of the ministers in Beijing.
I'm all for large corporations and super wealthy to pay as much as the working class; however, let's figure out where this TAX goes.
It's not difficult to see that war or defence as some call it is worth billions. So, if it isn't TAX who pays for it!?
No prizes for that ... War machine and to the pockets of MIC in the tune of Trillions ...
It only go to garbage politicans pockets.
Let them pay more taxes !
Bro, they want tax all humanity
I ain't saying she a gold digger
Her: only $1250?
No need to increase taxes just kit gov expenses like stop spending on military close military and spend them on people and saving earth we no more need military we need to develop science to protect ourself the new era has came we should unite to save ourself now.
LOL... Probably You just landed from Mars....You are delusional if you think We don't want Military at all... Also Suggest some replacement Jobs for more than 10Mil.Defence personnel and Defence industry Workers.....
@@DhrubajyotiRaja01 some military is fine. But the USA spends 50% of all tax revenue on Military and is more than the next 10 countries combined. 7 of which are allies...
@@frostman9661 As per the data, US collected almost 3.5T$ in Taxes and spent 730B$ in Defence in 2020... So it is nearly 21% not 50%....And You are clearly not seeing the 2.8M people US DOD employees as World's largest Employer and Tens of Millions of People in Defence Manufacturing Industry... *Can You Suggest some sectors in US that can Replace those Good-Paying Jobs* .....
@@DhrubajyotiRaja01 I should have been more specific. It spends approximately 50% of its "federal discretionary budget" on military. You can look it up.
As for jobs, so you are advocating to keep the massive military budget primarily to keep people employed?? So... socialism? Hmmm... Can you imagine if even 25% of the military budget was used to build and repair USA's crumbling infrastructure how many high jobs that would create? That's just one option to absorb many of those jobs. But also take a moment to considerhow much more beneficial it would be to society to build infrastructure, invest in R&D in medicine and technology than building fricken aircraft carriers or maintaining it's tens of thousands of nuclear weapons? The USA military is a bloated mess which is very unnecessary at it's gargantuan size.
@@frostman9661 If you are so much of a Fan of Infrastructure Myth,Let me bust some Myths....
1.Huge Infrastructure Spending can't really create that much new Jobs... On the recent note Biden's 3T$ Infrastructure Plan, *Moody's* ran analysis that if that Plan Passed it would create 19M new Jobs in US and Even If it doesn't then would create 16M new Jobs,so the Infrastructure Plan would just create extra 3M Jobs not 19M.
2.You said boost to R&D spending... R&D spending isn't always Proportional to Number of Jobs...
*General Dynamics* has 38B$ in revenue and yet Employed 100K compared *NIH* (National Institute of Health) Employed 20K Employees with a budget of 40B$.
3.Keeping Military Jobs in not being Socialist..In almost Every Country whether Socialist/Capitalist Department of Defence has always been the largest Employer.Huge Military Spending isn't bad at all...
*And Don't forget whether the Internet itself,GPS or the Recent mRNA vaccine by Moderna is the Fruit of DARPA*
Better run countries have their budget and spending in check. Mismanaged governments always need higher taxes to fund themselves for popular vote. Is it?
You hit the nail on the head. Plus other generous social welfare packages etc that requires high tax rate to sustain ... its a vicious cycle
Tge company not just for paying corporate taxes but sales tax, vat, property tax, income tax, etc. The net income is not zero but wealth deficit instead.
Corporations are considered double taxed. Wages to employees are taxed at one rate. Revenues after expenses are taxed at another rate. Payments to shareholders are taxed at another rate. Realized gains on stock are taxed at another rate. Seems more like quadrupled taxed.
The difference between the USA and the euro countries isn't there corporate tax rates because all the rates are close enough. The difference is individual income tax. Everyone in Europe are taxed at a much higher rate thane US citizens. People in the US think they can get all the goodies they want from government by taxing corporations. All they'll get in the end is inflation, unemployment, and bankruptcy.
Y E S !!!!!
I think the only competition must be allowed is for the value and quality of the product, not the price. Then companies will feel more pressure to deliver good products to customers not just disposable one time use goods that end up in the trash 🗑
There will be a run on hedge funds on hedge funds on hedge funds
Actual news
Nice video.
I not understand when depression in economy industry shut down and loss job some says is threat to quality of life ,when industries grow they give employment also say is threat for poor ?
4:38 that's great!
Plz make videos with the aspect ratio 20:9
This is literally the creation of a cartel
rich countries using their influence to pressure countries that have less natural resources and income. this would be devastating to countries that excel in their respective regions like Singapoure,Ireland,Estonia,Rwanda and Switzerland
This kind of thing should be competitive, just like tax differences in each state of the USA, companies and ppl will decide where to live and pay their taxes.
So you are perfectly alright that massive trillion dollars multinational companies can pay basically nothing in taxes??
@@frostman9661 thats not the problem here, they do have to pay their taxes, but you cant force countries to agree with policies that they dont want to, just because the rich nations said so, its literally telling singapoure, Switzerland, Rwanda and etc to start losing money
theres other ways to make this companies pay taxes, that wont be a coersion method to other countries and wont harm consumers
what the G7 is proposing is just stupid and shows a lot of their reluctance to change government and public entities spending and their balace sheets
@@joaopedroraffo7964 who said force them to agree?? To my understanding it's entirely voluntary so far.
@@frostman9661 sry but this wouldnt make any sense, if the countries that are "benefiting the trillion dollar companies" or whatever you call it just dont agree with it, the "problem" will this be there, besides they are changing tax system for international companies worldwide , its not even a question if it will affect other countries.
it will damage the countries I listed above, and again it IS a cartel
Here everybody blaming corporates but they pay lot of taxes but govts introduce new taxes like corporate tax on their income so corporates instead of paying tax they invest on research and infrastructure so their wealth increases.
All corporate taxes are "transitory". Corporations transit the tax right to the consumer in the form of higher prices, always.
abolish the income tax and move to a progressive consumption tax things like second homes and yachts big luxury items a 50% tax. items like clothes food and medicine taxes at 1%-2% or whatever it needed to be. Then you could file your taxes on something the size of a post card.
Tax write offs are not necessarily bad but it should not be possible for companies to reduce their tax bill all the way to zero.
Anything with the word Global in it should be avoided at all costs.
Do you remember how the media threw daily tantrums of how Trump retaliatory trade tariffs would mean higher prices for consumers? Have you heard a single peep about Biden’s corporate tax hikes adding to consumer prices???
TAX RICH NOW +++++++++++++++++++++++++++++++++
AMAZING !!
Global wealth should SERVE society, not rule it.
Wimbledon June 28 ✌
Yeah, right, big companies will NEVER pay more, they will keep growing and keep making us THINK that they're tryna change, don't get your hopes up for anything (I'm talking to you, the person reading this)
This lady is fine AF
Every person should pay according to how they use public services.
Big tech is happy to see a global corporate tax cuz its gona kill their competition for them. similar to how amazon is lobbying for 15$ minimum wage. Big tech are the ones with one of the highest margins, this doesn't hurt them. this helps them kill their competition. On the surface they look good but does it help solve our current problems? and don't forget these are big companies that has spend billions in lobbying. sure they will be the final beneficiary of this global tax.
It seems the government is getting more an more greedy.
why is this guy using sales and revenue and saying they are not being taxed, surely its profits that are taxed, give us the profit figures, net profit and not sales numbers,
This video clearly needs more coins. I’m being sarcastic btw. 🤣
I don't care if company or rich people pay or not if they just do better for country that there work like education, health, infrastructure, etc.
either way government of world isn't efficient nor effective to this economic development.
I would rather have a global minimum Sales Tax instead of corporate tax
❤️
Tax them more and they won't want to do business in that country
you obviously did not watch the entire video
Let people who work pay less taxe!
COOL ++++++++++++
👍
🤣😂😂🤣😂🤣😂, this could be a joke. If is done (but for real), my best wishes this need to be done in Corps that had become pure rentiers.
Corporate taxes are paid by the consumers
They are ahead of 7G force thy are shiple
Jar of coins ..
Bless to Yahweh
Government are so behind 👎👎👎
SINGAPORE
IS A
TAX HEAVEN ? ? ? ?
Corporates pay no taxes. They raise the price to make sure their business profitable. Stop making lies
yoga pant is not allowed for biz meeting or interview. she's being fired!
Hey Biden. Your fired
.
Good luck trying to tax them
Companies should be compleled to pay minimum 20% percent not matter where it operates 😀
no, if a country is willing to reduce corporate tax rates to attract more private entities, IT SHOULD BE ALLOWED TO DO SO
this is a big f*** you to countries that wants to attract ppl using good business enviroments like Singapoure,Rwanda and Switzerland. This is a cartel
NO.
@@joaopedroraffo7964 Countries can also impose economic sanctions on those companies and tax havens. Trade Wars would be the end result. Trade Wars can result in actual nuclear wars. So, getting corporates to pay taxes is good for everybody.
@@coolbuddyshivam “Trade wars can lead to nuclear wars” with this logic any dis
agreement can lead to war, we should all just not deal with each other. It’s better for everyone.
@@frostystallie8736 Any disagreement can evolve into war when it is not addressed at appropriate time. Any war can escalate to nuclear war is something anyone can understand.
You can study history if you don't understand this simple logic. Also, just look at how aggressive China and US are becoming since onset of trade war if you don't have any time for history.
consume the rich i must ~ communist yoda
10,000 in that jar. u blind?
HAHAHA ++++++++++++++++++++++++++
This is just stupid. Do what every country already does with privately held local businesses. Pass through income to the shareholders and have shareholders pay the tax at their income tax rates.
Corporate shareholders include retirement funds, insurance companies, charitable foundations, and plenty of poor people. They get taxed too.
Instead, simply abolish the corporate income tax, *and* the preferencial rates for capital gains and dividends that literally every single one of these countries has.