Dear Russell...

[SpontaneousOrder]

Except for corporation tax of course.

Corporation tax is just a tax on people. Calling it corporation tax doesn't change the reality. Less money for dividends & salaries, and higher prices for consumers.

If corporation tax wasn't paid by people, then we could just set it at 100% and solve the deficit overnight.

[d000hg]

Corporation tax is just a tax on people

No, it's a tax on profit earned by a corporation, which is a legal entity. An entity owned by people, but that's like saying a car is a person

Is this you just playing silly buggers with definitions and terminology like the "law is violence" thing or did you have a real point?

[DodgyAgent]

No, it's a tax on profit earned by a corporation, which is a legal entity. An entity owned by people, but that's like saying a car is a person

Is this you just playing silly buggers with definitions and terminology like the "law is violence" thing or did you have a real point?

It is not. A car is a machine and a corporation is the sum of the people who work and invest in it. When I last checked my biology book metal and plastic were inorganic and people were made up of organic matter

[Zero Liability]

No, it's a tax on profit earned by a corporation, which is a legal entity. An entity owned by people, but that's like saying a car is a person

Is this you just playing silly buggers with definitions and terminology like the "law is violence" thing or did you have a real point?

No, he is pointing out that taxes are only ever paid by people. What don't you understand about this? Or do you have a real point, for once?

[BolshieBastard]

Is this BA still on site at RBS? Im amazed if he is.

[d000hg]

a corporation is the sum of the people who work and invest in it

No it isn't. It's a legal entity that belongs to someone (or multiple people). A company can be sold.

No, he is pointing out that taxes are only ever paid by people. What don't you understand about this?

That it's a load crap? If you mean a person physically gives the cheque to HMRC then taxes are "paid by people" but the person is acting on behalf of the company. It is the company's money that is paid, the company who is being taxed.

[minestrone]

Is this BA still on site at RBS? Im amazed if he is.

Badge removed the next day were my thoughts.

[Zero Liability]

You're being purposefully dense. It isn't a 'load of crap', because ultimately the taxes will come out of the pockets of the employees, owners and consumers. Yes it can be sold etc but so what? The tax collected from the corporation arises out of the profitable activities of the owners and their employees and not some tertium quid. That is SO's point, that the incidence of this tax is always on individuals and will be reflected in their reduced takings and/or higher product prices. He isn't denying the legal particularities associated with the entity.

[d000hg]

No, the taxes come out of money owned by the company. Money goes from companies to employees, not the other way around.

Unless this is some "every atom in an orange was once in a turd therefore oranges are made of poo" kind of argument.

The fact a company gains money from the work of people doesn't mean the tax it pays is paid by those people.

[Doggy Styles]

No, the taxes come out of money owned by the company. Money goes from companies to employees, not the other way around.

Unless this is some "every atom in an orange was once in a turd therefore oranges are made of poo" kind of argument.

The fact a company gains money from the work of people doesn't mean the tax it pays is paid by those people.

For what it is worth, I'm with you on this.