Conflicting Theories of Corporate Income Taxation

The income tax is the last step in the long development of taxes away from the ad rem basis, especially from land taxes, to a tax basis which reflects as perfectly as possible individual-ability to pay.The important role played by income taxes in modern tax systems seems to indicate the triumph of this "ideal tax" over the older, less perfect forms of taxation.In countries in which the income tax had already been highly developed a further increase in income tax revenue was made possible by increasing the income tax on corporations (e.g., Germany, Great Britain, Italy).Does this fact indicate that the individual income tax is approaching its administrative or political limits, at least in certain countries, and that further substantial expansion of revenues can be expected only from an increase in the corporate .incometax?What is the significance of a rising share of the corporate tax in the total yield Of income taxes?Is the application of the income tax to corporations a logical supplement to the individual income tax and does it participate in all the merits of this "ideal" tax?Or does the application of the income tax to corporations in reality indicate a reversal of development, a trend turning back to another sort of ad rem taxation-but in the disguise of the meritorious income tax?Is the corporate income tax an income tax at all,3 or is it just another form of business taxation?If so, is a. business tax based on corporate profits the most rational method of taxing business?0