…The corporate income tax is under attack. Nation states are scrambling to offer multinational corporations an ever growing feast of lower taxes, loopholes and incentives. Lobbyists and politicians constantly try to persuade us that the corporate tax is a bad, inefficient, unreasonable tax. Yet it is one of the most precious of all taxes…Corporate income taxes raise essential revenue for schools, hospitals and the rule of law…The corporate income tax curbs inequality and protects democracy...[and] enhance[s] national welfare...