I’m sympathetic to that position in the domestic context. But what about when the owners of companies (e.g. multinationals or shareholder-owned companies) are in the developed world yet make many of their profits in the developing world? We might well want developing countries to capture some of that tax.
If we could tax the owners of companies suitably, we could probably stop taxing large companies directly at all.
I’m sympathetic to that position in the domestic context. But what about when the owners of companies (e.g. multinationals or shareholder-owned companies) are in the developed world yet make many of their profits in the developing world? We might well want developing countries to capture some of that tax.