In considering how to end “inversion”, the decision by corporations to change their national headquarters for tax reasons, Rober Samuelson proposes:
Let’s lower taxes on corporations that can move from the United States; let’s raise taxes on the people who own their stock. Although the odds against this bargain are long, it would be a true act of economic patriotism.
a solution obvious to anyone who’s ever taken an economics class. The key problem here is one I fear that Congress either does not understand or doesn’t care about: our corporate tax laws are wildly divergent from those of other major economies. It is now a globalized world in which most factors of production are portable. We need to get used to it.