second point.
so if these guys wanted to invest, there's still a tax yield.
there's the investment in r&d, which means compensation for innovators, which entails taxes on income.
there's the investment in machinery and equipment, which means taxes generated by a supplier of machinery and equipment.
it's fairly difficult to keep generating income unless you employ people and buy things. taxes are spat out of such a system.
but you are right that it ain't perfection.
i just think the current system is so flawed as to be a bit hopeless. they just raise a puny amount through corporation tax.
dividend income looks a bit easier to capture to me.
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