2 ms·
From the article, Johnson Controls is now a foreign-owned company, and consequently: 1. Cannot lobby the US government any more 2. Is not eligible for future ba
by pnut 11y ago
From the article, Johnson Controls is now a foreign-owned company, and consequently:
1. Cannot lobby the US government any more
2. Is not eligible for future bailouts
3. Could rightly be slapped with $150M/year of import duties to make a statement.
I have no problem with countries rewarding corporations for having substantive physical presence within their borders, and for putting external competitors at a financial disadvantage.
The US is a big place with an expensive military and social welfare program, and millions upon millions of sweet, delicious consumers. The US already runs a deficit, meaning there is insufficient tax revenue.
Corporations can make their own choices about whether the cost of doing business is worth it or not, but nobody who is transacting money should be exempt from making tax contributions to society, and certainly not at the scale corporations are.