"When profitable corporations can use the stock option tax deduction to pay zero corporate income taxes for years on end, average taxpayers are forced to pick up the tax burden," he said.
If taxpayers could pick a tax system for the new millennium, and if entrepreneurs could compete to provide one, the chances of the winning product looking like our current mess would be close to zero.
Or to the library to pick up tax forms?
Publicis Omnicom has not yet picked a tax domicile.
Those states would still lose money because of the repeal, but probably not as much as states with the pick-up tax.
At Keflavík airport there's a duty-free shop in arrivals where you can pick up tax-free alcohol, including many local brands (personal favourites: Einstök beer and Reyka vodka).
Supporters of the bill, moreover, make a multiple taxation argument: Buy a sweater in Texas and, as the transaction goes through routers and servers in other states, it could pick up taxes all along the way which is grossly unfair.
Two other states, Louisiana and Connecticut, recently passed laws to adopt pick-up taxes starting in 2004 and 2005, respectively.
The club's owner runs the duty-free company King Power, which has placed video adverts in terminals showing Vardy running around an airport shop in full kit while picking up tax-free gifts.
Not stock picking, not taxes, but asset allocation.
