Editorial Board

Corporate Tax Inversions Are the Least of It

Closing loopholes is fine, but it's the tax code itself that needs repair.

Staying put.

Photographer: Spencer Platt/Getty Images

"One of the most insidious tax loopholes out there" just got a little smaller. But President Barack Obama, who announced the change on Tuesday with much fanfare, didn’t go nearly far enough: The tax code itself, not just its loopholes, is what needs fixing.

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