The reason for that kind of policy is to target blatant tax avoidance and dodging...You know, Apple is totally based in Ireland. Not just for tax avoidance reasons.
I am not sure why corporations even care, the vast majority pay virtually no corporate taxes anyway. Not only that, but some actually got refunds after paying no taxes.
https://www.washingtonpost.com/business/2021/04/05/corporations-federal-taxes/
Around 70% support higher corporate taxes. Yet another policy that the GOP is on the minority side on.
There also needs to be an AMT on the highest earners. I am sorry but people making $10M+ a year should not have lower effective tax rates than people making $50K a year.
Brad