New on t.co/lmi0paMm42: "Firms as tax shelters: The disguise of personal expenses as business expenses", by D. Leite
Key finding: individuals who control firms shift 36% of their monthly personal expenditures to firms
Conclusion: inequality is underestimated; redistributive taxation won't be enough to solve the pb; we also need economic democracy
wid.world/news-article/firms-as-tax-shelte...
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