But in the past few years, as the world has become more global and other countries have cut their corporate rates, a new exodus wave has started. “For the past 20 years, there’s been an arms race between the companies on the one hand and the IRS and Congress on the other, and the companies always seem to come up with better weapons,” tax expert Bob Willens says.

via Stopping companies from fleeing the U.S. tax code – The Washington Post.