Is Canada Now More American Than America?

From John Fund, at National Review:

The merger of U.S. hamburger giant Burger King with Tim Hortons, Canada’s favorite coffee shop, will create the world’s third largest fast-food company, with a total of 18,000 restaurants in over 100 countries. It is also a piercing wake-up call for the U.S., because the new company will make its global headquarters in Canada’s province of Ontario. That underscores what savvy businesses everywhere have learned — the U.S. is an increasingly less attractive place to do business. “Canada has quietly and politely become, well, more American than America,” says columnist Stephen Green.

Since 2003, more than 35 major U.S. companies have moved their headquarters and reincorporated overseas. Rather than rail against such “inversions,” as President Obama does, or call for an economic boycott, as Ohio’s Democratic senator Sherrod Brown does, we should figure out what is driving U.S. companies offshore. Here’s a clue: The U.S. now has the highest corporate tax rate of any industrialized country, and the Wall Street Journal reports that the Obama administration is “even now looking for ways it can unilaterally raise corporate taxes without going to Congress.”

Without going to Congress?

Same as it ever was...

More.