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Why are companies seen as people under law, but not taxed like them?
Rounding it up
The net corporate tax rate is just 15%, leading many to ask why such profitable corporations are not taxed like individuals, even though they enjoy “personhood.”
Corporate personhood is an old idea and has to do with ensuring the rights of a gathered group of investors (in this case, in a corporation) are protected.
Lower corporate tax rates help keep Canadians in jobs, support the real estate markets of many towns, and keep international business flowing.
Consumer advocates argue that corporations are not investing in employees but instead, are pocketing the profits for shareholders and executive salaries.
Dan is a runner and writer living in the Washington, D.C. area, where he currently works for a financial services trade association as the Communications Director.