In that case an interim solution is needed, and I suggest that an Alternative Minimum Corporation Tax (“AMCT“) fits the bill.
Well, that’s not true, no. But this is:
Good tax systems cannot be built on the basis of fairy tales.
Quite so, quite so. And the fairy tale Ritchie has fallen for is that it is the corporation that is actually being taxed. Rather than some combination of the investors and the workers. Corporations are just convenient places to get tax money from, not the place of the economic incidence.
Thus an insistence that we must tax a company is building a tax system upon a fairy tale. And we’re not going to get a good tax system that way, are we?