I can’t wait to hear Obama-bashers come up with a reason why this is a bad idea:
Likely, it’ll have something to do with “raising taxes during an economic downturn.” But let’s be clear: closing tax “loopholes” is simply another way of saying “eliminating tax shirking.”
I think it would be terrific to have a bank account in Switzerland or the Cayman Islands. But since I’m not Jason Bourne, I have to make due with my domestic account and pay taxes like every other poor schlub out there. Corporations — which are “citizens” when they find it convenient to be — ought to be expected to do the same.