Any other S corporation which is engaged in a professional service business if 75% or more of the gross income of such business is attributable to service of three or fewer shareholders.

FORBES: Senate Proposal for Tax Reform Part II: Democrats Seek To End S Corporation Payroll Tax Loophole

But the Corporation, which favours a change in the voting system, now wants to give banks and other City firms up to 50 votes each, depending on the size of their premises.

ECONOMIST: Ballots for banks