Well if it’s “written off” of their taxes that means it’s taxes they don’t pay which is essentially paid by the rest of us in taxes we do pay. So yeah it should be public domain since we “bought” it.
That’s not accurate. A tax write-off isn’t “taxes you don’t pay”. It’s “lost income that isn’t taxed”.
The US corporate income tax is nominally 21%. If a company writes off 100 of loss (or charitible donations, or expenses, or anything else), their earnings are reduced by 100 dollars, saving them 21 bucks. There’s no way to “profit” off of failure through write-offs.
Exactly, can’t pay corporation tax on a loss because corporation tax is only paid on profit. Worked in a small company before and heard moaning from high up about having to pay corporation tax when Amazon don’t. We could have paid no corporation tax simply by giving everyone a pay raise.
Well if it’s “written off” of their taxes that means it’s taxes they don’t pay which is essentially paid by the rest of us in taxes we do pay. So yeah it should be public domain since we “bought” it.
That’s not accurate. A tax write-off isn’t “taxes you don’t pay”. It’s “lost income that isn’t taxed”.
The US corporate income tax is nominally 21%. If a company writes off 100 of loss (or charitible donations, or expenses, or anything else), their earnings are reduced by 100 dollars, saving them 21 bucks. There’s no way to “profit” off of failure through write-offs.
Exactly, can’t pay corporation tax on a loss because corporation tax is only paid on profit. Worked in a small company before and heard moaning from high up about having to pay corporation tax when Amazon don’t. We could have paid no corporation tax simply by giving everyone a pay raise.