IMO the corporate tax rate should be zero, and then everyone would be on the same playing field. Right now the only companies that pay taxes are small ones without the resources and staff to get around it. With 0% corporate tax, all of these games and shenanigans would end.
Also, corporate profits are double-taxed anyway, as taxes are paid once on profits then again as dividends / capital gains by the shareholders. This is one reason stock buybacks are so popular - way to benefit shareholders without the ridiculous double taxes.
Also, corporate profits are double-taxed anyway, as taxes are paid once on profits then again as dividends / capital gains by the shareholders. This is one reason stock buybacks are so popular - way to benefit shareholders without the ridiculous double taxes.