Policy Shop: Corporate Income Tax Arguments Almost Always Miss the Point

New post at policy shop. Excerpt:

It is this kind of complexity that renders most siloed discussions of the value of the corporate income tax somewhat ridiculous. Talking about the value of any particular tax in a vacuum almost always generates this kind of borderline futile discussion. What ultimately matters is not the merit of each specific tax, but the way in which each tax fits into the overall tax system, and most importantly how that tax system fits into an overall system of economic distribution. There are conceivable societies where there is no corporate income tax, but the overall distribution of income and wealth is just. Likewise, there are conceivable societies where there is a substantial corporate income tax, but the overall distribution is unjust.

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