The corporate tax code is a monstrosity. Close the loopholes and lower rates.
FTR corporate taxes as a percentage of GDP are at the lowest levels in over 80 years.
Drop the corporate tax rate to 15%-20%.
End double taxation in foreign jurisdictions.
Make the transfer of intellectual property offshore via intercompany transfer pricing illegal. It's a fraud.
The biggest loophole is accelerated depreciation. End that and as many loopholes as possible.
Reduce and simplify. It will be good for everyone except the vested interests. Which is why it wont happen.
And who ARE those vested interests, Rab?
Marxists or very well heeled corporations?