Then why does every country on earth tax corporate profit, not income?
> Why an Earth should governments employ entire teams to second guess internal bookkeeping?
Because that's how you make sure companies pay their taxes? Because it's a net gain to employ those teams because they find much more tax cheating than it costs to employ them?
> If a company is taking £billion out of a nation's spending power
Companies don't. They take cash and in return provide services that are even more valuable. The entire idea of free trade is that it's positive-sum for all.
> Income is the only reliable thing you can tax.
Then why does every country on earth tax corporate profit, not income?
> Why an Earth should governments employ entire teams to second guess internal bookkeeping?
Because that's how you make sure companies pay their taxes? Because it's a net gain to employ those teams because they find much more tax cheating than it costs to employ them?
> If a company is taking £billion out of a nation's spending power
Companies don't. They take cash and in return provide services that are even more valuable. The entire idea of free trade is that it's positive-sum for all.