Comment Re:Can other nations do that? (Score 0) 825
How does this not drive more Burger Kings into Canada? If they go after McDonalds and not (now Canadian) Burger King, they drive corps out. If they go after BK, then can any country do that, tax USA based corporate assets? It's probably better than a VAT, I guess (which is why USA corporate taxes are relatively high, it makes up for lack of Value Added Tax).
If all of the large corporations are driven out of the US, that will leave room in the marketplace for small companies to get founded, and the US will end up with lots of small companies, with lots of CEO's, instead of a handful of CEO's with all of the money. Why is driving corporations out a bad thing?