More on Corporate Personhood

My previous post here.  I previously discussed the moral hazard associated with corporate personhood.   Catherine Rampell has added another twist – the great tax advantages enjoyed by corporations.

Turns out corporations enjoy tons of rights and privileges that biological beings should be salivating over.

The most obvious place to start is taxes. Companies save billions from loopholes that don’t apply to individuals — yet.

People, for example, pay taxes on their worldwide incomes. Corporations do not, as long as they don’t bring the foreign profits back into the United States.
She lists some other advantages as well, but ends with the big one that I started with.  Corporations can’t go to jail.

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