Trump’s folly to cut corporate tax will change nothing | South China Morning Post

LETTER TO SCMP
Hi Jake,
Re your article in today's paper:
Not to mention the fact that corporate *effective* tax rates are usually much lower than nominal.
And... slightly OT: should we be taxing revenue not profit? The latter much easier to manipulate than the former.
Ex Aussie Liberal (ie conservative) leader John Hewson was supporting this last night on Australia Plus TV. After all, he points out, it's how we're taxed personally.
Regards,
P F etc..

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