This has problems with Capital Gains being equally easy to evade for the wealthy (look at Mitt's $100M IRA[0] or the stepped up basis in estates] and many equity holders being in tax-free jurisdictions.
Eliminating the corporate tax would supercharge equity prices and since many corps don't pay dividends any more, it would be a very long time before any of the tax revenue is realized.
You're better off just taxing revenue based on company size if your goal is to collect reasonable amount of income and to limit the chicanery that goes along with corporate tax planning.
Eliminating the corporate tax would supercharge equity prices and since many corps don't pay dividends any more, it would be a very long time before any of the tax revenue is realized.
You're better off just taxing revenue based on company size if your goal is to collect reasonable amount of income and to limit the chicanery that goes along with corporate tax planning.
[0] - https://www.reuters.com/article/us-usa-campaign-romney-ira/h...
[1] - https://en.wikipedia.org/wiki/Stepped-up_basis