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Old 01-10-2017, 05:34 AM
Fottemberg Fottemberg is offline
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Default Intel CEO Wants Tax Cuts, Not a Trade War

http://www.investopedia.com/news/int...rade-war-intc/

Currently Intel pays not so much: http://www.intc.com/releasedetail.cf...&ReleasesType=

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Old 01-12-2017, 07:03 PM
Moral Hazard Moral Hazard is offline
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Corporate income taxes are a terrible idea, and I would support just getting rid of them. One big problem is we don't know for sure who pays them, though it has to be somebody (the first law of the economics of taxation: only a person can pay a tax). The current thinking, or at least the thinking 20 years ago when I was taking my "economics of taxation" class, is that the majority is probably paid by the owner (lower dividends), but some portion may be paid by employees (lower wages) or customers (higher prices).

To the extent they are paid by the owners you've got another problem, which is that we're already taxing capital in the form of capital gains taxes. As such you have double taxation.

There's also an issue that corporate income taxes are probably the most volatile source of tax revenue, falling off dramatically every time there's a recession, whereas personal income taxes and sales taxes are much steadier.

Eliminate corporate income taxes. Treat realized capital gains as any other income instead of taxing it separately (for most this would be a tax increase, though it would be a cut for some, and would partly offset reductions in tax revenue from eliminating the corporate income tax).
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Old 01-16-2017, 04:52 AM
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Ridiculous that a company with 14e9 income can't afford to pay its tax. All they want is to put more money in their pockets.
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Old 01-16-2017, 05:46 AM
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Quote:
Originally Posted by Spartak View Post
All they want is to put more money in their pockets.
They're a company. Their entire purpose is to make money for their shareholders.
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Old 01-16-2017, 06:50 AM
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Quote:
Originally Posted by NTMBK View Post
They're a company. Their entire purpose is to make money for their shareholders.
And that's why such wishes have to be taken with a cup of salt
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