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Dave - the 'correct tax' is what you have to pay by law having done what you are legally able to do to minimise it.
If you want Californian companies to invest here and provide jobs then you have to accept they will not pay much Corporation tax here. Mind you - you can increase what they pay through Charlie's idea with simple and low flat taxes.
Low business tax rates might even attract some of their corporate headquarters here from less enlightened high tax regimes. That means jobs and revenue.
PS - I am glad you enjoyed my wind-up. There is a serious point though, start punishing businesses even more than now and it will cost us all in lost jobs and more expensive products. Anyway - I have a nice box set on it way from Amazon at a fraction of the cost in the shops, that has to be a good thing for the consumer.
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