> But corporate taxes are on profit, not revenue They are taxes on revenue, but with a set of allowed deductions (e.g. labor costs, R&D, capital expenditure, e

> But corporate taxes are on profit, not revenue They are taxes on revenue, but with a set of allowed deductions (e.g. labor costs, R&D, capital expenditure, etc. etc.) Whether you call that a tax on profit or a tax on revenue with business related deductions is really just a matter of perspective.