Why don't they close legal / financial loopholes and make big business pay more tax?
Why don't they close all the legal loopholes and make big business pay more tax, to solve the economy crisis in respective countries. I don't get it? Am I naive? Make corporations like Amazon or google pay their due tax?
They don't really because their businesses are measured on pre-tax profits, less to go to share holders but business measured on pre tax profits
- 3 months agoFavourite answer
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- STEPHENLv 74 months ago
Becasue the accountants used by big businesses are much better than the accountants used by the government.
- AmyLv 74 months ago
Because the "they" is politicians who got elected (and hope to get re-elected) by spending a lot of money on campaign ads, and those big businesses contributed a lot of that money.
And then there's state taxes. States compete with each other to attract businesses by offering lower taxes.
- exactdukeLv 74 months ago
Big business don't pay taxes. They just raise the prices on things they sell.
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- out2lunch4now2Lv 74 months ago
You aren't naïve. You're ignorant , at least about taxes. If taxes are raised on corporations, corporations simply raise the prices for their products and services. A "loophole" is simply a deduction someone else gets that you don't so you feel the need to b**ch about it. If we had a flat tax with no deductions, exceptions or exemptions, would you be happy?