How about THIS to solve the business domicile issue

[sweetheart]

A law is introduced that incorporates the design for a nationwide
software system website. On this site, any citizen, for a minimal
fee may create a corporation, with no intermediary, "one click"
incorporation. The incorporation includes a bank account that
incorporates a transaction taxation system, which automatically
deducts a certain amount from every transaction, electronically,
through a massive database ERP tax system, a custom "oracle financials".

The bill would require that every business doing trade in the
United States forward from 2006, be at least 51% owned by such a
corporation. This web system, would have gateways on all major
financial networks, SWIFT, and the federal reserve payment
settlement systems, and be able, though the bank account to,
pay or recieve electronically, with standard E-invoicing and full
tax-integration. This bank account MUST be, by law, the General
Ledger of the corporation.

Any state corporations would be automatically rolled up to 49%
ownership, and 51% would be automatically, by law, taken by a new
federal corporation in this system, and all such business owners
would have 1 year to cut over their GL.

The law would end all corporate taxation previous to this system,
and introduce and fully digital electronic taxation system via the
corporate database system. This database would release quarterly
reports to the public, without charge, via a big batch program.

This would cut all costs of tax filing, as there would be no tax
collection isssues as well, or forms for that matter. All
transactions are taxed digitally via a consumption Value added tax.

The system also incorporates a secure set of windows for each
employee of that business, and all their employment legal requirements
are handled in the system, such as legal minimums on pay, vacation
reporting of hours and such. The system would enforce employment
law, by making the company be just, by the very structure of
the software offering universal legal-compliant employment, like
minimum wage, and such. Tax is deducted automatically on paycheques.

This makes the entire IRS redundant and they can go back to getting
real jobs in the civilian economy. It makes a fair amount of the
-bullshit- overhead of business melt away over night freeing up
entrepreneurs to focus on sales, product development and innovation
rather than bribing government and supporting beaurocracy (sp!).

The system would make sure that any business trading in the US was
legal, and on the books with its domestic earnings... massive cost
savings by applying modern IT standards to government, and
leapfrogging a generation of waste. Easy access to forming
corporations is a proving issue in developing an economy, and
there is no reason for a taxpayer to be supporting the disgusting
mess they call PUBLIC financial corporate architecture today...
it is greasy collusion at best, and grossly corrupt as the norm.
Eliminate the waste in one fell swoop and energize the economy.

This is totally feasible with software and computers, certainly
every major manufacturer makes systems than can handle a billion
objects in a database without trouble, and legally
as well... just the people coming up with solutions know nothing
about how to make things better with computers, or they'd have done
this already... .. end if idea.

Its common sense, technology, simple, fixes the entire corporate
problem in one fell swoop... what is it missing?

[sweetheart]

1. Eminent Domain

kick. The General Ledger Eminent Domain with banking. Methinks that
it is as justified as a highway system, just a financial one, given
the public nature of corporations.

[sweetheart]

2. The federal corporation

would pretty much replace the state one, leaving companies the
option not even to have a state in corporation at all. In the idea,
the 51% ownership would be 1 for 1 stock.. it would simply bring
the existing shareholders in to the new umbrella, but that this
would for the first time create a federal corporate "primary data"
treasury system. As all people with "jobs" would be in it as well,
the system would also include the full social security records and
accounts, as it would of course include all taxation on those employees.

Nobody has any thoughts... bummer. I thought you guys would like this.