As a recent article in The Economist pointed out, corporate taxes are a poor way to raise revenue. In corporate tax, the burden is ultimately borne by the people ( investors, workers, consumers, etc ). Therefore, a more efficient and effective approach is to tax them ( the people ) more reasonably but directly.

Corporate taxation rules stem from the old age of manufacturing and blue-collar operations. Applying the same principles in the age of e-commerce and intangible intellectual property is wholly counter-productive.