Comment Re:Double Irish? TAX ALL FOREIGNERS!!! (Score 2) 825
The difference is that corporations (US C Corporations) are the imaginary invention of people, and this is also why they should not be taxed.
I imagine that all my corporations are in tax-friendly, business-friendly domicile. And if such a domicile does not exist, then imagine harder! This is the present state of corporate earnings management.
People, on the other hand, receive all the benefits of corporations. These benefits accrue as transactions, wages, dividends. Transactions and, to a degree, wages and dividends, are real, tangible things.
This is why taxing transactions (i.e. sales tax) can strive to meet standards of fairness and smartness, but taxing corporate profits will always lead to ridiculous outcomes.