Before the Tax Cuts and Jobs Act of 2017 lowered U.S. corporate income tax rates, some U.S.-based MNCs moved their parent to another country with lower corporate tax rates in an attempt to reduce their taxes. Write a short essay that presents your opinion on this issue. Should U.S.-based MNCs have been allowed to move their parent without consequences? If other countries lower their corporate income tax rates in the future, should the U.S. government also lower its corporate tax rate? For whatever solution you propose, explain the possible adverse effects as well.