We (all) should be having conversations about how to fix what needs fixing and not revisiting what used to be conventional wisdom.

Do you think a case can be made for eliminating the corporate tax rate entirely and making up the revenue in other ways? Examples would include the carbon cap tax and increasing capital gains and dividends taxes above even ordinary income rates (50% is a number that comes to mind but without any analysis behind it)? I’d also love to find a way to tax companies like Wal-Mart that pay their employees so little they qualify for taxpayer-funded programs like SNAP. It seems to me like there are too many loopholes for companies to jump through to lower their tax burden that wouldn’t be available to individual investors when they report capital gains and dividends income. Those incomes are more easily verifiable, correct? Not to mention all the time and money that corporations spend on lobbyists to create those tax loopholes. Maybe this approach would help take some of the influence of money out of Washington? OK, I just made myself laugh with that last one.

Thinking about it a bit more, would that really be such a bad thing if people were willing to “share” jobs (ignoring the structural implications of a flatter income distribution)?

Revenue from corporate taxes is, presumably, used to benefit people living in a country. People living in a low-tax country would either end up with a lower standard of living or the company would pay for it some other way.

In a competitive world economy, any ‘value surplus’ to corporations from being able to do this would just end up going back to consumers. Of course, the same could be said about any tax system including the current one; the main consequences of ‘double Irish with a Dutch sandwich’ might just be employment of tax lawyers/accountants and slightly higher barriers to entry　since those costs probably relatively static.

Though this seems wrong…
>in which income from an economic activity is booked in low-tax countries while the deductions and credits associated with the same activity are booked in the United States.

Job creation without higher government spending, inflation, bubbles, or trade barriers: /ɯoɔ˙ʇodsƃolq˙uɐlduoıʇɐǝɹɔqoɾ//:dʇʇɥ