Capital would efficiently invest in countries with a strongest, most educated labor force if taxes were eliminated. Tax inversions would be quickly replaced by capital flows/investment necessary to create millions of higher-paying and -skilled jobs. The only ones bitching would be those dependent on taxation without the expectation of producing something society wants.
Headline: Johnson Controls, Tyco merge in tax-avoiding inversion deal
Manufacturing giants Johnson Controls and Tyco International plan to merge in another example of a controversial tax inversion, creating an industrial conglomerate with $32 billion in annual revenue.
The deal marks the latest occurrence of a corporate inversion, in which a U.S.-based company acquires a foreign firm and switches its headquarters to the foreign firm's home to lower its tax bill.
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