17009. Corporate Taxation. This paper argues that the capital outflows caused by corporate taxes have a negative impact on investment and economic growth. Despite reform efforts in the past, there are ongoing problems with the existing tax code. Nonetheless, it is acknowledged that elimination of corporate taxes is unlikely in the near future because of public resistance. In the meantime, there are certain strategies that corporations can use to help reduce their tax burden. Keywords: taxes taxation corporations business tax code reform investment. 16 pages, 44 footnotes, 13 bibliographic sources.