Sørensen, Peter Birch (contributor) - 2005
corporation tax), while the
management wages paid to the owner(s) would be treated as labour income. If the sum of the …
corporation tax and the personal tax on dividends and/or capital gains is less than the marginal tax
rate on labour income, the … or capital gains. The corporation
tax would continue to serve as a withholding tax on corporate profits, but it would be …