After the European Commission ruled that Apple owes Ireland $14.5 billion in back taxes, many, including Sen. Elizabeth Warren (D-MA), framed the case as typical trickery by an unscrupulous multinational. But while the corporate tax code is indeed broken, the truth is large companies aren't villains; they are key drivers of U.S. economic growth, writes Joe Kennedy in The Hill. Rather than deter investment, policymakers need to fight this revenue grab from Europe and enact a more competitive U.S. corporate rate.
