‘Sitting on piles of untaxed profits’ benefits who exactly?
No employee, executive or shareholder can use those funds without them being taxed as either wages, dividends, or corporate expenses.
Therefore, there is no reason to tax money sitting in an account... unless the purpose is the govt just wants more
That pile of cash is the financial life’s blood insuring the company has the capability to continue employing it’s people while accomplishing it’s mission.
Again, I’m at a loss why the govt should or would want to rip out a chunk for it’s own purposes.
Therefore, there is no reason to tax money sitting in an account...
Exactly, so let’s ditch the income tax.