“Tax burden”? I hate that language. Poor them having to pay a fair share for running the country.
Every company, every rich person has gained their wealth in this country through the systems provided for by taxation. The workers they need are educated with tax dollars, the roads they ship goods over, the police that uphold the laws they work within, the military that defend the nation they live within, the health system that keeps their workers alive and thriving (thus protecting the company's investment and the worker's knowledge).
No rich person has made their wealth except through the nation that lifted them up and gave them every chance. Our tax dollars made their wealth possible.
It's not a tax burden. It's a cost of business and it's a privilege to uphold the nation that has literally created the environment a business needed to survive. When they pay no taxes, why should the police defend their property? Why should people respect these businesses? Why should they be allowed a voice in the nation (looking at you, News Ltd)? I'd argue that a corporation paying no tax has no right to anything that taxes fund (I'm not counting the workers in this, as they do pay income tax). It's a radical position but I'm willing to put it against the radical right-wing position that corporations should pay nothing at all.
On top of that though, every quoted economist and study has a fundamental flaw - the idea that corporations exist in an ideal environment, only communicate through the market and we customers have perfect knowledge of market conditions. In reality, we know with near 100% confidence that reducing corporate taxation will lead only to increased profits and shareholder wealth. It will not lead to reduced prices for customers. We know this because we've seen it for decades. Businesses act in collusion, either directly or more subtly. You'll never prove that petrol stations collude on prices but it looks exactly like it from the outside. You'll never see Coles and Woolworth's execs meeting to set prices, but there's a very cosy duopoly keeping prices (and inflation and the cost of living) nice and high, raking in record profits while crying poor when people talk about pricing limits for groceries.
Lower the official tax rate to zero and you won't see a single dollar saved for my weekly shop. Not at the petrol station, not at the supermarket, not anywhere. What you will see is the need to either cut public services or to increase income tax to make up for the lost gov't revenue. Or worse, increase the GST (as Howard has recently suggested, reminding me of NZ's David Lange who introduced it there and after upping it a few times warned that the GST is seductively easy to increase) and screw over the poor, squeezing out the reviled (by the right) middle class.
I'm happy to entertain an argument against my comments here, but if someone fails to start with how governments will enforce price drops to ease the burden of corporate profitability as corporate taxes are removed, then I'll know they're not arguing in good faith. The world's economists have led us to this place (gestures vaguely at the economy) so they don't have a good track record. If it wasn't for the rise of the IT and technology sector, which was not expected by economists, we'd be living in 1970s standards but with 2020s costs.