People and corporations should be free to move... Americans and companies are moving abroad because of an overly aggressive and unfair tax policy in the United States. Tax rates are too high ó the U.S. corporate income tax is the fourth highest rate of all OECD countries ó and should be reduced. Today, U.S. firms have to pay U.S. taxes on money earned in foreign countries, even though the countries in question have already taxed it. This "worldwide" system of taxing corporate income is very anti-competitive. It provides companies with an incentive to give up their U.S. charters and instead become foreign-based companies.
