Column: Simplifying corporate tax code takes political courage




Corporations should have a say in the laws that govern them.

Corporations are among our oldest institutions. Something like a joint stock company probably triggered the earliest formal written communication — the accounting ledger.

It should be unsurprising that the early traders of Mesopotamia used a corporation. Trade was risky outside the walled city, and spreading that risk over many households allowed for the collection of enough financial capital to pay for prime trade goods, fast mounts and armed guards.

 

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