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i would be curious do counties with better business tax rates also have better personally tax rates too. how is health care ran in that country?
"Should the U.S. Adopt an Alternative Minimum Tax for Companies?" http://finance.yahoo.com/news/Should-U-S-Adopt-Alternative-dg-1944589798.html?x=0
"G.E.âs Strategies Let It Avoid Taxes Altogether" http://www.nytimes.com/2011/03/25/business/economy/25tax.html
The government needs tax revenue, of course. It needs to decide upon what it is based, then execute. If a major portion is "corporate income tax", then it should be exactly that with no loop holes... like the major ones of phony deduction to offshore subsidiaries and not having to pay the tax until the money is brought onto US shores. By the same token, taxing corporation earnings and also taxing dividend distributions is unfair... same money earned is taxed twice. The government should not even be considering raising taxes on citizens until fraud, waste and duplications in government have been addressed... and until corporate loopholes have been closed. Art Laffer has been saying all along, "12% FLAT TAX... on corporate earnings and personal incomes"... would be revenue neutral. Don't you think such a policy would attract foreign companies to make their stuff here and hire US workers? The Odumbo Circle Jerk on taxes and wealth redistribution ain't gonna get it... not now, not ever! And the current polices of "taxing certain fewer and fewer payers at ever higher and higher rates... so that politically favored others can pay less/zero tax".. is IMMORAL AND CORRUPT!!
The whole concept of taxation breaks down when the government uses the money irresponsibly now doesn't it? In the current situation a flat rate with no loopholes would be best. Like or not what politicians have done in the past, we're in a crisis right now and if we're going to get out of it as a whole we're going to have to all work together. Too bad there are too many people out there with a knack for taking all the loot themselves.
You should have left an option for yes for big business no for small business. (this has nothing to do with clas warfare, the answer in my mind is quite simple.) Anyone who owns a small business faces the burden of double taxation, either you have to leave the money in your company, and face double taxation, or you can take it out (via a paycheque)and leave your company with no money. I suppose you could get around this somewhat by lending your own business money, once you have paid it all out as salary, but you get the point. The key point in the argument is this. Big Corporations these days, do not face "limited life spans" meaning someone like McDonalds plans on operating for the next 100+ years. Massive corporations do not have a life span, They can switch the players, but the lifespan in their company doesnt change. Thus they can keep operating forever without paying out the theoretical owner. This differs from a small business in that the small business owner is typically leaving his business open for 20-30 years. (After that he wants out, due to old age.) Plus the owner is in it solely for himself.(as opposed to a corporation who is in it for random shareholders who constantly change.) The owner of a small business is primarily trying to generate revenue whereby the majority of revenue will be for himself, and it will all be taxed as income eventually. (upon retirement.) It is the same reason why most small people will lose a lawsuit against a huge corporation, the corporation doesnt care how long it takes to figure out the lawsuit, they have no life span, CEO's and CFO's may change but the same corporation could live forever. So maybe my answer could best be summed up as this. Large Public companies should be taxed a little, and small business should be taxed nothing. Now the question becomes how you figure out which one is which.