Maybe it’s a hint that the tax rate for small and medium companies should be reduced (or other non tax laws modified based on company size), to copy the advantages of this nonprofit to profit conversion, while taxes for large companies should be increased. It would maybe help make competition more fair and make survival easier for startups.
This is actually a good idea. I say we go even further and stop wasting so much money cleaning up after companies - get rid of the entire legal entity known as a corporation and let investors shoulder the full liability that comes with their ownership stake.
History has shown that limited liability is a massive advantage for our economy in encouraging both domestic and foreign investment. Seems unlikely we would put ourselves at a global disadvantage by doing this.
History has also shown that limited liability ends up costing me an awful lot of tax money to cover for some twat getting paid out (at a lower tax rate) with no consequences for their actions. Adding liability would certainly lower my taxes, and have a fantastic chilling effect on the type of trash that harm innocent bystanders with their reckless disregard for consequences in the name of chasing a dollar.
