As the world prepares to “become Irish for a day” on March 17th, lets take a moment to acknowledge an under-appreciated characteristic of the Emerald Isle — its low corporate tax rate. Ireland has the lowest corporate income tax rate in the industrialized world, a mere 12.5 percent. In contrast, the United States has the highest corporate tax rate in the industrialized world at over 39 percent. The results of this experiment have been extremely predictable — American businesses are moving their headquarters to where the beer is better and the taxes are lower. President Obama blasted American companies for moving