LOL Papi...this is very funny. This is not a tax loophole at all. This company decided to do business elsewhere. What we have here is that companies are LEAVING the US for a country with a more favorable and lower tax structure and lower wages and why so many jobs are going elsewhere. Raise taxes on these companies and more will leave. Biden is suggesting to start taxing companies outisde of the United States? That would be a very slippery slope indeed.

Notice what Biden says: "They're skipping out on billions of dollars in taxes, and that money could be used to insure our children, ... to make sure the (Veterans Administration) is not underfunded, to rebuild bridges that are crumbling around the nation," Biden said. This is socialism...wealth redisctibution by making businesses pay for everything and is all over Obama's plans. If you thinh these guys are thinking about reducing taxes or paying down debt, just listen to him.

Even funnier is Biden complains about the same thing that many companies do with their intelectual property, good will and trademarks in Delaware and ahve set up corporation headquarrters in Delaware for a long, long time. He is just pissed because someone has gotten Delaware's game down better. Many companies are saving lots of taxes by setting up different legs right there Delaware. I guess when Delaware is no longer the most favoralbe place to conduct business. I would not be happy as a Senator from Delaware either. Kind of like Biden calling the kettle black, isn't it?

You prove Lola's point...charge more in taxes and the companies will leave and set up shop elsewhere, same as they do with Delaware to avoid taxes in their own state. All you need to do is show a valid business purpose for the decisions and tax redcution is a permissible purpose, (even tax avoidance in limited circumstances) and the IRS will respect the actions. I guess you could probably reach in and tax, but in the end the customers will pay more or the companies will cease doing business here. End users or consumers always pay the tax increases ultimately.

This is exactly what happens when you have the second highest corporate tax structure in the world. Now raise them even more...and see what happens.