Comment Re:italians (Score 1) 175
Corporations should pay taxes otherwise people would just hide their personal profits in Corporations - many already do - they get "paid nothing", but get to use the resources of the corporation as theirs.
I'm fine with Corporations not paying taxes on profits that aren't theirs.
But it sure seems unfair when a Corporation starts treating certain profits as if it owns them but still doesn't have to pay any taxes on them.
For example,
a) if a corporation can include the profit in its financial reports as part of its total profit then the profit is the corporation's and so it should pay any taxes due them. If it doesn't want to pay taxes on them it should not include them as part of its profits.
b) If a corporation can borrow money using profits of another corporation as collateral, or otherwise control or use the profits of another corporation, then those profits belong to the first company and so it should pay any taxes due on them. If it's not your money why can the bank lend you money using it as collateral? If it's not yours why can you treat it like you own it? If it's yours then pay the taxes on it.
As for double or triple taxation you could simply say the Corporation has to pay your country what's left over after the other countries have taxed the corporation. If the corporation has paid out zero, your country gets the full amount of tax, if it has paid out a lot then your country might get none of it.