A flat tax on business without deduction seems like it would squash smaller play... | Hacker News

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		galangalalgol on June 5, 2021 \| parent \| context \| favorite \| on: G7: Rich nations back deal to tax multinationals A flat tax on business without deduction seems like it would squash smaller players that must devote a larger percentage of their profits to fixed costs.

EastSmith on June 5, 2021 [–]

Deduction means hiring people to do your deductions. Flat rate for everyone means less money spent on tax consultants.

galangalalgol on June 5, 2021 | [–]

I was thinking of either a standard deduction, or a deductionless progressive tax

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