The sad part is everyone would prefer taxing profits, but that just doesn't work with multinational firms. Since, you know, they will restructure their company to on paper generate all profit in a tax haven. For example their algorithms are owned there, even though it was probably developed by you local citizens, is deployed on you local server and the sale to the tax haven happened for a symbolic dollar and for sure not an open market.

It is also almost impossible for new companies to start competing if existing big players can easily avoid paying taxes while you cannot. And no, we cannot simply allow everyone to not pay taxes.