I really don't understand why corporations are taxed on profit. It produces weird effects such as where a company is better off paying interest on debt rather than dividends on stock.
Having the tax be payable on revenue of a corporation in that jurisdiction rather than profit would be simpler to understand, easier to administrate and avoid the current tax avoidance we have have.
Having the tax be payable on revenue of a corporation in that jurisdiction rather than profit would be simpler to understand, easier to administrate and avoid the current tax avoidance we have have.