Facebook Tax Bill Over Ireland Move Could Cost $5B
My view is that corporate income tax is just a very bad idea. It will always introduce a lot of judgement problems and you will always need to assess every single transaction.
Is it &quot;fair price&quot; or is it done to funnel money somewhere?<p>Those questions are impossible to answer objectively and we shouldn&#x27;t really care. Tax owners of the corporation. Tax people for living in a nice place (land tax, real estate tax, all kinds of consumption taxes). If you really want you can tax companies&#x27; revenue (not profits). Some taxes for polluting the environment, using the infrastructure would be great as well.
Try to understand what makes your country an attractive place to operate from and charge for those things.<p>Taxing income is just a recipe for problems and unfair treatment (companies with access to top lawyers pay less, small companies pay more).