There is no clear correlation between economic growth since the 1970s and top tax-rate cuts across Organization for Economic Cooperation and Development countries.

WSJ: Diamond and Saez: High Tax Rates Won't Slow Growth

We're already seeing real global cooperation to prevent true disaster, such as early October's coordinated rate cuts by the Federal Reserve, the European Central Bank, the Bank of England and the central banks of Sweden, Canada and Switzerland.

FORBES: It's Time to Buy

But with the corporate income tax rate being what it is, the second highest effective tax rate in the world, according to the Organization for Economic Cooperation and Development, or OECD, then companies are doing what is logically sane for them to do.

FORBES: Move up http://i.forbesimg.com t Move down