Is the Deferred Tax Liability Meaningless Accounting Fiction?

Douglas Rushkoff: Some argue that corporations pay none of the taxes levy on them, but instead act as a sort of economic pipeline passing all taxes through to consumers. He says he and his business partner would rather stay put than move from one investment to another because they like their relationships so much.Rushkoff: Tax changes eventually affect prices more than profits in industries such as insurance or electric utilities. The benefits of lower corporate taxes fall exclusively or almost exclusively upon the corporation and its shareholders, writes Rushkoff.