Losing that sort of money is simply creative accounting. If you or I form a corporation, how long can we lose money and not pay taxes before the tax nazis come snooping around?
Businesses take in money and pay out expenses.
When one is not greater than the other then there is no tax.
The expense side, however, included payroll, tax on goods purchased, stock dividends to investors, ... all of which are tax to the individual
it is good business not to pay corporate tax
I sometimes wonder whether it would be better to eliminate ALL the income tax and just fund the government by taxing ONLY those ‘eeeeeeeeevil corporations’
Most people would be too stupid to realize that the cost of good sold has tax costs included so EVERYONE would pay taxes on anything they purchased, not just the 97% taxes that the upper half of society pays, versus the 3% the lower half pays.
they would just gleefully rub their hands and say OOOOh those EVIL corporations will pay!!!
[Losing that sort of money is simply creative accounting. ]
Corporations pay NO taxes, EVER. Their customers do! Learn it...live it...love it!