Partnerships and Corporate Tax Revenues. In recent years, many large organizations—such as global accounting firms—have been structured as partnerships for tax purposes rather than corporations. This...

Partnerships and Corporate Tax Revenues. In recent years, many large organizations—such as global accounting firms—have been structured as partnerships for tax purposes rather than corporations. This means that they do not have to pay the corporate tax. How would the growth of partnerships as a form of business organization explain some of the historical trends with the corporate tax?