the most economically efficient policy is also the most moral

This is a close analogy to the proposition I am putting forward in relation to the new partnership-based new legal and financial structure or "enterprise model" (based upon new legal "wrappers" such as UK LLP's and US LLC's) now emerging.

It is no coincidence that these structures are Islamically sound at a very deep level.

I believe that like all emergent phenomena this "Open" Corporate is emerging (the number of UK LLP's has more than doubled in 2 years) because it is superior to existing company forms and therefore those enterprises which do not use it will be at a disadvantage to those who do.

The generic use of such non-hierarchical and networked structures will IMHO lead to new possibilities in terms of risk and revenue sharing which put into practice new "privilege rental" capture possibilities.

Land value rental may come about since the "Land Partnership" model I advocate comprises BOTH an optimal form of Equity Release AND an optimal form of REIT and it is simple for a Community then to agree to include a land rental element in addition to the rental of the capital invested in the land.

See

http://www.opencapital.net/papers/Zakcoownership.doc

Corporate taxation of "profits" becomes irrelevant because LLC's and LLP's are tax transparent or "pass through". But I would add that the privilege of Limitation of Liability should nevertheless be taxed by applying a levy on GROSS corporate income at the clearing level.

This in turn becomes possible because generic clearing - not requiring banks as credit/payment intermediaries - allows simple application of a levy or tithe at the clearing level.

So we collect a $20/barrel levy on all oil sales, pool it and use it to invest in renewables globally with an "energy dividend" to all.

And so on.

It is the existence of new consensual "Open Corporate" legal protocols which enable everything else, I believe.

But to get this message across, the right language - the "narrative" - is crucial, and here I like to refer to "asset-based" financing (through investment via non-toxic legal wrappers - NOT corporations) as an alternative to "deficit-based" but "asset-backed" (eg mortgages).