Since Corporate Income Taxes Are Levied on Accounting Profits and Not

Since corporate income taxes are levied on accounting profits and not economic profits,they tend to

A) be inefficient since they fail to contribute substantially to federal revenues.
B) favour the accounting profession as it boosts demand of their services.
C) introduce double taxation as individual shareholders also pay income tax on dividend income.
D) be inefficient since they will affect the allocation of resources.
E) be efficient since economic profits are hard to assess.