Comment Re:Corporations should not pay taxes on profits (Score 1) 592
In terms of investors with shares who get dividends, UK dividends come with a "tax credit" that can be subtracted from the individuals tax bill. I think the general idea is the tax credit is the amount of corporation tax that the original company has paid so it avoids being double taxed. Not sure if the USA does something similar.
It is a nice idea to move the taxation onto the individuals. But I think it's a bit of a huge solution to a problem where a simpler fix would be to stop letting companies claim international consultancy as deductible and put a bit more rigor into checking their international costs for tax deductibles, e.g. if Facebook Cayman rents Facebook Ireland a $3k server for $300k/year then it's not quite right and can be looked at under the current laws for tax avoidance.