Is this regardless of legal structure? The choice to incorporate as a corporation comes with a side effect of double taxation but the sole proprietorship doesn't...
Not sure where you're based, but do the recent economic events in the US change your tune here at all? Given 'too big to fail' how do you prevent organizations from retaining zero earnings and then asking for loans when liquidity dries up? Double taxation is an incentive against this behavior
I think we should go to a system where companies must pay out all profits to investors, who can choose whether to reinvest or not. Stop the 'too big to fail' mentality -- if companies want money, ask the investors, not the government.
Not sure where you're based, but do the recent economic events in the US change your tune here at all? Given 'too big to fail' how do you prevent organizations from retaining zero earnings and then asking for loans when liquidity dries up? Double taxation is an incentive against this behavior