> Revenue 100mln+ - you have to tax revenue
So banks and oil companies, which are naturally lots of revenue with a tiny amount of profit, would disappear, or become very small?
So banks and oil companies, which are naturally lots of revenue with a tiny amount of profit, would disappear, or become very small?
Accounting costs banks and oil companies around 0.8%, so the will be fine.
I don't remember the exact number.
Oil companies have huge capital costs to find and extract resources, if you look at what their profits are compared to their costs of doing business, then obviously taxing revenue isn't going to work.