From Sword to Shield Arbitrage Going into the 21st century

Going into the 21st century

and analgesic considerations

Many of the photographs are reproduced with numbered overlays

Imp' and `The Isle of Voices'

From Sword to Shield Arbitrage Going into the 21st centuryThe U. S. corporate income tax and in particular the double taxation of corporate income has long been one of the most criticized and stubbornly persistent aspects of the federal revenue system. Unlike in most other industrialized countries, corporate income is taxed twice, first at the entity level and again at the shareholder level when distributed as a dividend. The conventional wisdom has been that this double taxation was part of the system's