Here in the UK, we have a new Prime Minister and one big question for most people in government is how to deliver on the tax cuts promised during the leadership contest.
In my opinion, a better approach than taxing corporations is making their taxes zero instead. At the end, those taxes are paid by one of the shareholders, the customers, or employees. But in spite of that, because they supposedly pay taxes, they get to have a right to free speech, spend money on elections, lobby the government, and shape policy, even though these rights should be reserved for individuals. Better to get rid of corporate taxes, directly tax the three entities I mentioned before, and get rid of corporate money in shaping elections and policy
In my opinion, a better approach than taxing corporations is making their taxes zero instead. At the end, those taxes are paid by one of the shareholders, the customers, or employees. But in spite of that, because they supposedly pay taxes, they get to have a right to free speech, spend money on elections, lobby the government, and shape policy, even though these rights should be reserved for individuals. Better to get rid of corporate taxes, directly tax the three entities I mentioned before, and get rid of corporate money in shaping elections and policy
I have to think about that.