Integration of the corporate tax system and shareholders' capital gain taxation

This article examines the integration of the corporate tax system and shareholders' capital gain taxation with focusing on several integration methods; (a)Dividend exclusion，(b)Shareholder allocation，(c)Comprehensive Business Income Tax(CBIT)，(d)Shareholder credit for corporate taxes paid，(e)Allowance for corporate equity，(f)Partnership method，(g)Cash flow taxation．The way of corporate income taxation should be designed in the stream of both corporate and shareholder level taxation．In order to tax on beneficiaries of profits and to avoid double taxation in certain corporations like closely-held corporations, mechanisms of pass-through taxation and base-adjustment of share should be developed with referring partnership taxation and S corporation taxation systems in the United States