BalpeenHammer

Personal Income tax is not the same as taxes that businesses pay.

I know. That's what I said. We pay taxes on revenue and business pay taxes on profits. They get to deduct all their expenses and we don't.

You can make tax deductions too, and you can do salary sacrificing and many other things to reduce your income tax as well.

I can make some deductions but I can't deduct all my expenses like a business does. If I was to deduct all my expenses like a business does I would indeed reduce my income taxes drastically.

If you made companies pay tax on revenue, pretty much every company in the entire world would close instantly.

Again if this is true why isn't every person in the world bankrupt because they pay taxes on revenue?

So you think franchises shouldn’t exist?

Wouldn't bother me at all.

Example please? Which companies in which countries are doing tax things that aren’t permitted?

I don't understand why you decided to be so dishonest all of a sudden. Why did you go to "doing tax things". When did I say there were countries where businesses didn't "do tax things"?

There are a multitude of good and reasonable reasons why it’s possible. You can’t make companies pay tax on revenue because that would instantly throw 90% of companies into bankruptcy.

I see people say this all the time but it makes no sense. I pay taxes on revenue and so do you. We don't get to deduct all our expenses from our salaries right?

How come every single person in the country isn't bankrupt if paying taxes on revenue leads to bankruptcy?

You can’t stop companies from paying licensing fees etc to their parent company and writing it off as a business cost, because that would destroy all franchise stores etc.

Yea so?

The tax “loopholes” exist for a legitimate reason, so companies structure themselves so they can take advantage of them. Getting rid of them would hurt the companies that need them more than the companies that “abuse” them.

I disagree. Companies exist in countries where these types of things are not permitted.

I don't have access to it but the proof is supposedly there in the tax filings. Having said that there is 100% probability they are paying their parent companies license fees and franchise fees.

in any case 402 million in revenue for a business who does nothing but clip tickets means there should be lot more profit and lot more taxes paid.

Why is any of that even possible? Because we wrote the tax laws to make it possible.

As I said elsewhere, it's easy to rig the numbers to show low profits. For example by paying your parent company in another country high franchise fees.

Profits are easy to fudge. You just pay your parent company some license fee or something and voila no profits.

I guess if you can make up numbers about profits then it might make sense.

It's more likely tax evasion as you described. That's on us. We are too fucking stupid to prevent this kind of tax evasion. Well maybe not stupid, just corrupt as shit because they grease the palms of the parties and politicians to make sure they don't get taxes properly.

Headline says it all though.

I don't think they will even bother with dog whistles. They will come out and say it. Look at how much Winston hates gay and trans people for example. You think he is going to couch his speech in any way?

That doesn't even keep up with inflation. You actually moved backwards.

The fact that he is gay and isn't presenting straight really upset the right wing population of this backwards country I guess.

David Seymour doesn't believe in speed limits so that's OK.