Just as Washington is revving up to impose limits on "tax inversions" on corporations seeking tax havens in other countries, along comes this study to show just how uncompetitive the United States already is.
Minimum-wage laws have unintended consequences, including hurting the very people they're allegedly designed to help.
Burger King’s decision to move its headquarters to Canada using what the political class refers to as the “inversion loophole” has sparked another round of outrage from politicians, many of whom seem to believe that companies exist primarily to finance Uncle Sam. Despite claims made by Obama and other Big Government mongers that the strategic relocations show a lack of “economic patriotism,” the real cause of the accelerating corporate exodus surrounds oppressive U.S. tax laws almost unique to the United States, experts say. Individual citizens are fleeing, too. Without serious reforms, the trends are likely to accelerate.