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@Airhead
It's not just direct tax on companies that creates revenue. Financial institutions and lawyers also generate income and in some cases pay tax due to the transactions associated with the commercial business. That kind of income is a big deal to our economy at the moment, not sure how it compares as a percentage of GDP with the BVI for example but those islands that have tax loopholes do derive income from the associated business which raises their standard of living. It's another dog whistle subject.
The economic theories that suggest taxing companies is pointless. You could instead focus on taxing the individuals who profit from the company which might result in the employees getting paid more.