Not a fan of progressive tax rates for corporations. Those can lead to some really unfair results at the individual level. A buck should equal a buck for tax purposes.
Yeah, agree with this. As much as a small companies rate might have its advantages; as much as anything, a progressive rate just gives companies a major incentive to find ways to try and push revenue and cost recognition back or forward just to try and massage their profits to get the best rate profit. That ends up both costing the jurisdiction in tax revenue; and is not exactly healthy from an accounting or investment point of view.
I mean, as much as anything here, the rates that are proposed have a massive loophole within them. Suppose I have a corporate making $500k a year - why not just split it into 5 different incorporated entities which each make $100k a year and each have a 15% tax rate rather than a 27.5% one? It is individual entities that are taxed, not the post consolidation group prtofits.