Greed is the most powerful force in the world. If you tie regulation to money, it will be exploited and corrupted. It also shifts accountability from the individual violators to "the corporation". Instead enforce criminal laws against people. Doing the "right thing" doesn't deserve reward. Doing the "wrong thing" does deserve punishment.

Corporate taxes also incentivize corporations to outsource or relocate operations overseas, and disincentivize them from repatriating profits made overseas.

I would be willing to consider giving up the ability of the government to micromanage corporate behavior in return for recapitalization of the US manufacturing base and repatriation of profits.