Corporate taxes are value destructive. A company is either going to use that money to expand, creating a more jobs, paying employees more - who will pay taxes, or buy back stock or pay dividends.
The only real issue I have is the difference between capital gains taxes and income taxes.
"Value destructive" to whom? I don't want all the companies in my area to pay excessive taxes, but they also don't otherwise pay for any negative externalities that they cause or contribute to, except through taxes.
I don't want to shoulder the burden alone for their roads and traffic and pollution and power-grid-improvement requirements et cetera.
Maybe the system could be different where companies directly pay for the road upgrades they need and the power infrastructure upgrades they need, etc, but that's not the system we have where I live.
>Maybe the system could be different where companies directly pay for the road upgrades they need and the power infrastructure upgrades they need, etc...
This is the solution most economists would suggest.
Or do some bullshit accounting to move the money off-shore, like pay billions to use their own trademark to a country in which they bought off politicians to get low taxes; so they can pay out the money without paying in to the governmental system in the country in which the money was raised.
The only real issue I have is the difference between capital gains taxes and income taxes.