Someone suggested last week that instead of taxing corporations we

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9. not if the u.s. insists on the company reporting all world-wide income regardless

if the rule is, you do business in the u.s., you have to report all world-wide profit, then it doesn't matter where the company is headquartered or where they earn their profit.

i suppose it might be possible to then defraud the u.s. while hiding profit in a country with that country's blessings, but that's a long-term high-stakes gamble. appropriate penalties for such fraud and diplomatic pressure on non-compliant nations should do the trick.

right now companies do that sort of thing but it's legal. making it criminal would change things quite a bit, even if it can't always be enforced.