Courtesy of the Democrats on the House Ways and Means Committee, here’s a list of “corporate inversions”, companies that have “exited the U. S.” for tax reasons, over the last 30 years. It used to be rare but now it’s pretty common.
Although nearly twice as many companies have “inverted” during the Obama Administration as did during the Bush Administration, that’s just continuing an ongoing trend. Many, many more businesses fled the U. S.’s high taxes during the Bush Administration than during the Clinton Administration.
Now for the interesting part. Do we care? If we care, what policies should we put in place to change matters?
I think we do care for a whole host of reasons from revenue to employment to status. We should bring our corporate tax policies more into line with those of other major economies. That would mean lowering tax rates, taxing corporations only on their domestic earnings rather than their global earnings, etc.
Of course, you could always try punishing them for leaving. The beatings would, presumably, continue until morale improved.