I recognized that there already had been a change in taxation from revenues towards profit. Nonetheless I feel that there are two remaining points one could improve:
1. Taxation does not precisely care for losses. I.e. if I'm making a loss, I don't get taxed. But in contrast to all developed taxation systems my losses are neither carried forward nor rewarded in form of a tax bonus. Consequently - if I have a month with losses (which easily could happen if I place a huge leasing order) - this leads to the situation where the tax payments are too high. I could imagine that a year end correction of taxes could fix this problem: calculating 30 % of your total year profit - compare this to the taxes actually paid - balance out the difference.
2. Taxation is biased towards aircraft sales. I.e. my income from selling a plane is taxed at 100 %. Nonetheless it should only be taxed if I was able to make a profit with the sale of this aircraft since my purchase cost are not tax deductable. (btw I don't know how it is with depreciation since I did not experience this case yet)
Maybe some small changes in the calculation formulas could fix the problems. Thanks!
Ken Fisher
Ken Fisher
Member Since 26 Oct 2010Offline Last Active Dec 04 2013 03:47 PM