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A better option would be to eliminate corporate income tax entirely, and raise taxes on the highest income employees and investors to make the change revenue neutral. Corporations waste a lot of resources on financial engineering to minimize tax liability, and that's a pure deadweight loss for the economy as a whole.
Savvy executives can also keep their income near 0 by borrowing against their stock holdings.
So what. They pay interest on that loan, and those interest payments eventually flow to the employees and investors of the lender. Who can be taxed.