Corporations can pay taxes too. All I can say is "hello transactional tax" and hopefully (but not likely) goodbye to many other taxes. You can't dodge a transactional tax unless you cease doing business in a country. Considering this would ruin most companies, not having transactions in the US, it would remove any incentive to move headquarters overseas. In actuality every country is slowly going to move towards a transactional tax anyway to stop the, shall we say less than positive intimations (read: Blackmail), companies try to pull now. The funny thing is while the US has a higher tax rate, it has a lower collected rate than most countries.
The plus here is that corporations are the ones that are going to f*ck themselves over. You see they need, and I mean NEED, the government. Yes, the same ebil gubbermint they complain about. China isn't exactly a haven for Intellectual Property (i.e. rampant theft), other countries can't project power to defend the corporations various holdings, other countries lack the legal mechanisms for corporate defense, et al. That's why corporations raise the hew and cry often, but do very little but lobby.
The right keeps using the words "Socialist", "Marxist", and "Fascist" to describe Obama. Those words do not mean what they mean think they mean. I mean, really, Obama is a _______ (fill in the blank)? Obviously the right has ZERO idea of how center-right Obama really is. Heck, in any "Socialist" country, Obama would be seen as a right-winger. Fascist? Yeah, right, let me know what the previous President's wonderful record on the Bill of Rights was, in particular the 4th amendment. Marxist? Puh-lease, let me know when Obama pulls a Reagan and sends troops in somewhere over a labor dispute.
Just goes to show you what a lack of perspective nets people.
End all tax "credits" and "exemptions" (including EITC and Mortgage tax credits) and government handouts to corporations. After 5 years of paying off debt, lower the marginal rate. Remember, no exemptions at all. This would sting at first, in fact it would have to be phased in, but then the country would have a tax system that is as "fair" as taxes can be.