re: #78 Varek Raith

During The Great Recession, 12 Major Corporations Made $173 Billion In Profits And Had A Negative Income Tax Rate

Close these loopholes then we’ll talk cutting social programs.

They sell us an idea on corporate taxes that they are like withholding taxers on income: you earn, you pay.

Newt expressed it succinctly that General Electric has the largest legal department in the world because they perceive it to be in their interest to hire people to avoid taxes.

The Swiss system is based on the combination of low base tax rate and very limited exemptions, deductions and tax breaks. Then companies put thier eforts into making profits and not hiding them from taxation.

At least in theory it sounds reasonable.