[qmanjamz]

Corporate taxes shouldn't exist in the first place. They're just a sneaky way of double-taxing people.

Corporations are really just groups of people. Those people already have to pay taxes on the income they receive from the corporation. They shouldn't have to pay taxes on it again when the corporation reports it as income.

[tomhoward]

I'm sympathetic to the argument in principle, but it hinges on the system for assessing income of/collecting taxes from individuals being adequately rigorous and efficient.

The presence of loopholes, tax havens and other mechanisms (including corporations themselves) for hiding personal income means the bucket is very leaky.

Given that corporations have to maintain complete records of their cashflows and disclose them to investors and authorities anyway, using this data for intermediate tax collection seems reasonable.