By far the most intelligent thing is to eliminate business taxes altogether since they are passed on anyway to consumers in the form of higher prices. GE, for example, has 1000 tax professionals shifting business all around the globe not because it makes them more efficient but because it saves taxes. It makes them very very inefficient and less competitive to waste time and resources that way. What it does do though is pander to the 100% pure ignorance of liberal voters who think corporate taxes make evil corporations pay up when really it is they who are paying up in higher prices!!