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  • On Corp Tax Reform, Small Business Wants In

    Forbes - 09/13/2011

    For corporate tax reform to benefit U.S. businesses, it will have to shift focus to include small businesses, experts say. If multinationals are guaranteed a lower tax rate from the progressive, statutory corporate income tax rate of 35% in exchange for closing tax credits, then small businesses that have enough revenue will either rush to incorporate to get the same benefit now that their tax credits have been removed, or jam their congressional leaders phone lines asking for the same cut to the statutory rate.