This article originally appeared at Economics21. Click here to read the full article.
By Ike Brannon
The food fight over corporate inversions – whereby a U.S. company moves its domicile overseas to avoid paying U.S. taxes on future income earned abroad – shows no sign of diminishing in the near future. For good reason. Democrats are in dire need of a winning campaign issue, and the dispute underscores stark philosophical differences between the two parties.