Perhaps We Need Corporate 'Loyalty Oaths'

Several American corporations are using a tax loophole scheme called "inversion" to get out of being American corporations obligated to pay American corporate tax rates. They buy or merge with a non-U.S. corporation (usually located in a tax haven), pretend they are a subsidiary to that corporation and renounce their U.S. "citizenship." That's almost the only thing that changes. Their U.S. executives, employees, facilities and customers remain where they are, along with the benefits and protecti...