How not to address tax evasion
The corporate tax rates in the U.S. are the highest in the industrial world. The tax code is ridiculously complex. Business decisions are made half based on what is good for the business and half based on what enables the company to reduce taxes. Is it any wonder that companies are leaving America to evade taxes? Companies are using a process called inversion to transform themselves from American companies to foreign companies, moving to countries with lower taxes. The ones that aren't leaving are investing money made off shore into plants and R&D in other countries because taxes on bringing the money back to the US make that impossible. So what do you do to stop this exodus? Well Hilary Clinton's idea is to make the tax code worse not better. She wants to create a penalty to deter companies from leaving the US. Gee whiz. Great idea. Don't take the simple approach of making the tax code simpler and lowering taxes. Oh no, keep...