Since 2003, more than 35 major U.S. companies have moved their headquarters and reincorporated overseas. Rather than rail against such “inversions,” as President Obama does, or call for an economic boycott, as Ohio’s Democratic senator Sherrod Brown does, we should figure out what is driving U.S. companies offshore. Here’s a clue: The U.S. now has the highest corporate tax rate of any industrialized country, and the Wall Street Journal reports that the Obama administration is “even now looking for ways it can unilaterally raise corporate taxes without going to Congress.”
Is Canada Now More American than America? | National Review Online.
