Taxing revenues rather than profits eliminates corporate accounting manipulation.

Evidence

So, who finances the state? Every company does via a fixed tax on all revenues, e.g. 5 per cent. Note that this is a fixed portion of total revenues, not profits, preventing the infinite scope for accounting tricks that dress up expenses as costs in order to shrink companies’ taxable income. The only other taxes fall on commercial land and buildings, discussed further below. — Yanis Varoufakis, Technofeudalism, 727

Categorization

• DEFINE: Introduces a revenue-based corporate tax design that closes profit-shifting loopholes.
• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 727