The only problem I see with abolition of corporate taxes, is that it allow certain people to store their wealth "by proxy". advantages of zero corporate taxes:

The only problem I see with abolition of corporate taxes, is that it allow certain people to store their wealth "by proxy". advantages of zero corporate taxes: * lots of advantages for small business, too much to list. * big business don't need to shuttle cash offshore. * big business have more cash to worth with, if that is their intention... * less government money wasted on trying to collect those taxes. And probably several other advantages... but at least US have a major problem: stock ownership is counted as part of someone assets, but the value of those are only taxes if the person sells it or get dividends, with zero corporate taxes, it would be an incentive for CEOs, founders, etc... to just accumulate stock, never pay dividends, don't pay high salaries to themselves, but still throw their weigth around using their total assets as a hammer, for example by having their corporation buy stuff they want, or by taking loans to use the cash with the stock as collateral. This would effectively allow the richest to accumulate untold wealth while paying no taxes at all. The only way I can see zero corporate taxes working, is if you patch up some other areas first. Now, something I think is quite brilliant in US that already exists, is that US tends to tax only profits, for example lots of people upset with Trump not paying taxes when he had losses (at least when he said he had losses...) In Brazil you pay tax over your income, doesn't matter if you had profits with it, this leads to extreme price inflation, specially when production chains get longer, as people will charge for their stuff more and more to get over the taxes. For example, once I talked with a guy that made YoYos (the round toys on a string). The toys are simple, and cheap to make, but on the store where I met the guy, they wanted about 5 USD for a simple YoYo, and a better YoYo suitable for amateur competition was about 30 USD. The factory owner, told me that the 5 USD YoYo manufacturing cost was about 80 cents, but all the taxes summed when the factory sold to the distributor were in total about 40% of the INCOME, not the PROFIT, thus the factory sold to the distributor the YoYo for 3 USD, with 1.2 USD being paid in taxes, 80 cents covering the manufacturing costs, and 40 cents being their raw profits (ie: before paying employees, transport, dividends, marketing, whatnot). The storeowner, also aimed to have about 50 cents in profit, but his taxes were about 30% of the income (not profit). If it was in US, he could charge 3.5 USD, get 50 cents in profit, and tell the buyer he had to pay an extra 1 USD in taxes, but instead he had to charge 5 USD, he would pay 3 USD to the factory, earn 50 cents in profit, and pay 1.5 USD in taxes.