This comment makes even less sense than jotras’ comment.
Pension funds buy shares in businesses such as Microsoft. The money going into the pension fund is not typically a function of the tax paid by companies such as Microsoft, but rather from a combination of actuaries’ recommendations, payroll tax receipts, and politicians’ priorities.
Therefore a pension funds’ equity holdings, such as Microsoft, doing well means taxes can be lower.
Groxx|2 months ago
chrishare|2 months ago
joncrane|2 months ago
aembleton|2 months ago
chinathrow|2 months ago
lotsofpulp|2 months ago
Pension funds buy shares in businesses such as Microsoft. The money going into the pension fund is not typically a function of the tax paid by companies such as Microsoft, but rather from a combination of actuaries’ recommendations, payroll tax receipts, and politicians’ priorities.
Therefore a pension funds’ equity holdings, such as Microsoft, doing well means taxes can be lower.