April 9, 2012
The Corporate Tax Debate, And What's Being Left Out
What needs to be added to the discussion is the costs associated with the deductions and subsidies. There is no doubt that many of these organizations need accountants and lawyers in order to get these tax deductions and subsidies. These costs can come in the form of having accountants and lawyers directly on the payroll or paying outside help.
Additionally, there's costs associated with the application process for subsidies and costs associated with bringing in outside consultants to find new subsidy opportunities. Reforming the tax structure for corporations has to not only take these costs into consideration, but it needs to make these ancillary processes more efficient.
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