Earlier quoted context omitted.
I want to go one step further than this idea and introduce carbon tariffs on imported goods coupled with price ceilings so corporations can't pass off the tariffs to wealthy people and still profit. The corporations should be paying these taxes and their bottom line should suffer if they're selling dirty goods. They should not be able to make the profit margins they're making today by manufacturing cheap trash in Chi…
I'm actually quite in favor of, essentially, a minimum VAT tax. The US demands that good manufacturing pays some reasonable level of VAT taxes (let's say 10% as an example). If Apple builds a laptop in China they value at 300$ (paying 45$ in VAT to China) and then ship it over to Bermuda to "endow it with their brand" adding 1700$ to the value and paying a VAT tax of .5% then, once it arrives at US shores, we simply…
Seems like a monumentally bad idea
> It’s an incredibly easy way to close a whole bunch of tax loopholes at once.
I don’t think it closes any tax loopholes.