CORPORATE EXIT TAX

“Corporations certainly play the patriotism card when it suits their purposes. But their real loyalty is to the bottom line. And while Congress could take measures to curb inversions in the short run-Hillary Clinton, for instance, has proposed a steep ‘exit tax’ on any company that inverts-those measures merely to postpone a necessary reckoning.”

James Surowiecki, “Why Firms Are Fleeing,” in the New Yorker, January 11, 2016, page 21.

i>, by Gabriel Zucman, University of Chicago Press, 2015.