Capital Gains Tax Rates – Corporations Should Flee America

Capital Gains Tax Rates - Corporations Should Flee America by Doug Bandow, Foundation For Economic Education

High Tax Rates Help Politicians, Not the Country

Every day in Congress, it seems, a member who created a problem demands more power and money to “solve” the resulting crisis. So it is with “tax inversions,” by which companies change their tax domicile - their country of residence, for tax purposes — to escape Washington’s clutches. Doing so deprives Uncle Sam of money to waste, which naturally drives politicians into a frenzy.

Left-wing activists tend to favor corporate taxation. They imagine a society divided between businesses and people. However, firms are owned by people, employ people, sell to people, and contract with people. Taxing...