The article "Corporate Tax Reform: Taxing Profits in the 21st Century" discusses the current state of corporate tax and proposes reforms for the future. It presents data on profits and profit tax, arguing against the corporate tax system. The article suggests cutting tax rates and simplifying the corporate tax code. It also addresses how foreign profits should be taxed in a globalized economy. The research emphasizes the need for fundamental tax reform and highlights the challenges of implementing bold changes due to budget constraints and political realities.