Corporate taxes should be cut to nil. After all, a corporation is merely a bundle of contracts. Taxes are ultimately borne by the shareholder and consumer. The tax system should reflect that.
I wouldn't say nil, but much lower than present.
Limited Liability is a substantial privilege that shouldn't be handed out for peanuts
You're missing the point. The corporation is nothing but a bundle of contracts. Limited liability might be a privilege, but the benefits of such privilege ultimately flow to the shareholder.
