ABBA and the Story of the Most-Inane-Ever Tax Controversy | International Liberty

A discriminatory rate structure adds to complexity, to be sure, but the main reason for a convoluted business tax system (for large and small companies) is that politicians don’t allow firms to use the simple and logical (and theoretically sound) approach of cash-flow taxation.

via ABBA and the Story of the Most-Inane-Ever Tax Controversy | International Liberty.

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