The promising reform is called an ‘allowance for corporate equity’. It would only tax returns above a reasonable rate of return.
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Taxing super profits sounds like a a good idea, but it’s hard to get right and there might be better ways to get more company tax.
The release by the Business Tax Working Group of the Draft Final Report represents a lost opportunity for business tax reform. The Group dumped its original broader base, lower rate, revenue neutral approach…
