Just because everyone in the US is accustomed to larger companies being able to negotiate a lower tax burden doesn't mean that a transparent, regulated system of breaks and incentives is vastly more equitable and less vulnerable to corruption and capture. Individual states shouldn't be undercutting each other either and bidding away their revenue.

While I don't disagree, companies are forced to play this game lest their competition under cut them.

However, locations are forced to play the game from network effects which push companies out of small communities. So, banning this behavior is likely to make things even worse for small town America. Still, getting rid of this might be better, but it's not as clear cut as you might think.