Re: The system is broken
And ultimately who pays the tax on "profits" ?
Hint - its the same mugs that pay pay VAT
No, that isn't always the case. It is only the case if the company can raise prices as it likes. In a competitive environment, the tax (or at least part of it) will be being paid by the shareholders because a competitor making less profit will pay less tax and will be able to offer a lower price.