Paul L. Caron
Dean


Thursday, September 19, 2019

Financial Times: Are Big Corporations Paying Enough Tax?

Do companies like Apple and Amazon pay a fair amount of tax? Some think not. A growing number of companies such as Amazon don’t report much profit, while highly profitable companies like Apple can use legal accounting schemes to shift profits to countries with low taxes. There are possible solutions, but they may not be effective, or easy to apply.

(Hat Tip: Brigitte Muehlmann.)

https://taxprof.typepad.com/taxprof_blog/2019/09/financial-times-are-big-corporations-paying-enough-tax.html

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Comments

Corporations are a legal fiction ... that for purposes of taxation are really not much more than a flow-through entity. Any so-called corporate tax is merely passed along to either the shareholders or the customers. Taxation at the corporation level is nothing more than a mechanism for making the taxation less obvious to individuals and more convenient for governments.

Posted by: ruralcounsel | Sep 19, 2019 3:55:18 AM