Comment Re:Maybe your tax laws ought to be adjusted (Score 1) 592
But how can a company buy assets if it doesn't have any money? Oh, sorry, of course it does, because it has income which is generated from selling things to customers. So why shouldn't it pay income tax on its income? Ah, because it's an abstract entity that should not pay tax (as the post I replied to suggested).
Alternatively, if companies don't pay taxes, they shouldn't enjoy benefits such as protection of laws or electricity provided by infrastructure that is paid for by taxes. Why should the general public pay the salaries of lawmakers if they're going to pass laws in favour of companies that don't pay taxes?
The concept of a corporation was invented to allow a group of people to shift the risk of enterprise into an abstract entity. But just because it's an abstract entity doesn't mean that it's not part of the economy.