5 ms·
The real issue here is that a multinational tax-avoidance scheme is only available to large corporations. This means that their smaller competitors who do not h
by clarkmoody 10y ago
The real issue here is that a multinational tax-avoidance scheme is only available to large corporations. This means that their smaller competitors who do not have millions to spend on lawyers each year are taxed at the insane rates of their local jurisdictions. The larger competitors shield their incomes from those same rates, making them more competitive than the smaller companies.
This pay-to-play scheme, coupled with other regulations tailored specifically for large corporations, keeps them shielded from upstart competition. The best thing for consumers and business alike would be to slash the taxes and regulations, instead of going after what the companies "owe" the government -- as if a group of bureaucrats in some capital city have any justified prior claim on the fruits of someone else's labor.