What do you think about corporations exploiting tax loopholes

[HappySqurriel]

highwaystar101 said:

HappySqurriel said:

Who would have thought that corporations full of highly intelligent and successful people wouldn't be dumb enough to operate in high tax areas simply because some people believe it is a corporation's duty to provide everyone with welfare?

Just using it at a conversation point really.

Also, I too believe it's not a corporations duty to provide everyone with welfare, however some corporations exploit the system in a grossly unfair way. An average business in Sweden will pay 26.3% corporation tax, Ikea pay only 3.5%, a bit of a better balance is required here don't you think? It's a bit like a progressive taxation system that is operating the wrong way round.

I personally believe in a simple and straight-forward flat tax system for both individuals and corporations at a rate (somewhere) between 15% and 25% of total income (with the possibility of a smal, say $5,000, deduction for basic living expenses per person) where the government is forced to run a balanced budget.

If there are no "Special Incentives" to produce certain behaviours from individuals or corporations then there are no tax-loopholes to exploit.