> Governments want to tax profits rather than revenues
Yes, but Hollywood Accounting[1] transforms taxable profits into untaxable expenses. (Search this discussion for 'Hollywood Accounting' for a longer post I made.) A revenue tax is more difficult to game with creative accounting methods.
Yes, but Hollywood Accounting[1] transforms taxable profits into untaxable expenses. (Search this discussion for 'Hollywood Accounting' for a longer post I made.) A revenue tax is more difficult to game with creative accounting methods.
[1] https://en.wikipedia.org/wiki/Hollywood_accounting