A new approach to empowering shareholders relies on control of the corporate purse strings rather than the proxy ballot. Corporations would be taxed on the conduit principle; that is, they would pay no taxes providing they distributed all of their earnings to shareholders, who after paying taxes on them, could reinvest them wherever they chose.
![Bridge over ocean](/-/media/images/hero/rpc-theme-heros/bridge-default.jpg?w=2560&hash=C67CE44B69F875C23628FEF2E3F26808)