Let Ireland Keep Its Tax Rates

The biggest tax inversion deal in history should make U.S. legislators think about lowering the corporate tax burden rather than closing expatriation loopholes.
Irish tax rates just drew a $43 billion merger.

Don't knock Minneapolis-based medical equipment maker Medtronic Inc. for doing the biggest tax inversion deal in U.S. history: It makes perfect sense for the company's shareholders. If it isn't a particularly patriotic move, that's because the U.S. is ignoring the obvious solution to its corporate emigration problem.

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