This is an interesting question, proposed back in November (which I sadly missed). Adrian Pearson makes a decent and very articulate argument;
So, against this backdrop I am pondering a big question: could we abolish corporation tax in the UK?
I am thinking that tax should logically be levied on people not corporations.
Since corporations are ultimately owned by real individuals, and any profits a company makes eventually find their way into the pockets of people one way or another (as dividends, salary, benefits in kind or capital gains on liquidation or sale), why should the company pay tax too?