The double irish, single malt, capital allowances for intangible assets.
If everyone would be able to play these tax avoidance schemes I'm sure society would collapse. For big players these are easy schemes and somewhere this untaxed wealth must be recaptured. Just favoring the rich further accelerates the wealth imbalance.
That of course depends on what you mean by "society".
But everybody is able to reinvest profits into a business they have, whether that's an industry giant, or a tiny one-man shop. There is no government on planet Earth which considers that to be "tax avoidance". Governments want profits to be reinvested and not paid out to owners, even the most socialist governments you can find.
If you're against this, then you shouldn't talk about taxes. You should rather talk about abolishing private property completely.
> That of course depends on what you mean by "society".
Yes, that is the old discrepancy between society in the true sense and society as imagined by libertarians. A few strangers waiting together for the bus do not constitute a community. If the bus is canceled and they organize a carpool, then a community has formed. If you scale this up and replace personal relationships with institutions, you have a useful concept of society.
For libertarians, society is any large gathering of people who interact with each other in some way (or not), even if they rape and devour each other. If you understand society in this way, it cannot collapse (or is constantly collapsing).
If we remove from life everything that people have access to by industrialization and mass production, then many or most people would say that "society" has collapsed.
That would be the consequence of taxing ownership in companies, since there would be no reason to invest to create big companies. And for industrial society you need big companies. You need giant companies, and taxing owners on the size of the company means that people will not invest their money or effort build industrial scale companies.
The other way to have industrialization is to instead have a command economy, where the government mandates what is to be done.
> If we remove from life everything that people have access to by industrialization and mass production, then many or most people would say that "society" has collapsed.
I agree.
But I'm not convinced by the next paragraph. You present it as if it were a matter of 0 or 1. But I don't see any good reason why taxation shouldn't be used to make adjustments without immediately collapsing the entire incentive structure for investment. Less profit is still profit. If this argument were valid, there would be no large industries in countries that tax companies more heavily than the US.
>If everyone would be able to play these tax avoidance schemes I'm sure society would collapse
Would it? Or would it just shift demand around? I mean the money is still there, and I don't see any reason the entities with money would lock any more of it up in a "static" manner (e.g. gold bars and piles of cash) than they do now.