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Let us not forget countries have a need to compete just like companies. If a foreign country taxes more than others you must expect some companies/individuals

Let us not forget countries have a need to compete just like companies. If a foreign country taxes more than others you must expect some companies/individuals to move their assets to a country that taxes at a lower rate. To expect otherwise would be unreasonable. This is not tax evasion, but people making rational decisions given their options.

mixmastamyk 10y ago
Well, it is not so easy to change countries as an individual. Not to mention you basically have to pay off the US and renounce citizenship to do so.
- marcrosoft 10y ago
  This is just part of the decision making process. If lower taxes out weighs the downside, the decision becomes obvious.
elchief 10y ago
Paul Krugman, Nobel Prize winner, disagrees: https://hbr.org/1996/01/a-country-is-not-a-company https://hbr.org/1996/01/a-country-is-not-a-company
- refurb 10y ago
  That blog post has absolutely nothing to do with the OP's point. It's talking about economic policy, not the rationale behind moving countries.
- SixSigma 10y ago
  If we're going to appeal to authority Micheal Porter, the most cited author in business and economics and six-time winner of the McKinsey Award for the best Harvard Business Review article of the year agrees : Porter wrote "The Competitive Advantage of Nations" in 1990. The book is based on studies of ten nations and argues that a key to national wealth and advantage was the productivity of firms and workers collectively, and that the national and regional environment supports that productivity. He proposed the "diamond" framework, a mutually-reinforcing system of four factors that determine national advantage: factor conditions; demand conditions; related or supporting industries; and firm strategy, structure and rivalry. Information, incentives, and infrastructure were also key to that productivity.
r00fus 10y ago
> Let us not forget countries have a need to compete just like companies. Why? You think capital has rights?
- marcrosoft 10y ago
  I would argue "rights" are not a thing.

mixmastamyk 10y ago

Well, it is not so easy to change countries as an individual. Not to mention you basically have to pay off the US and renounce citizenship to do so.

marcrosoft 10y ago
This is just part of the decision making process. If lower taxes out weighs the downside, the decision becomes obvious.

elchief 10y ago

Paul Krugman, Nobel Prize winner, disagrees: https://hbr.org/1996/01/a-country-is-not-a-company https://hbr.org/1996/01/a-country-is-not-a-company

refurb 10y ago
That blog post has absolutely nothing to do with the OP's point. It's talking about economic policy, not the rationale behind moving countries.
SixSigma 10y ago
If we're going to appeal to authority Micheal Porter, the most cited author in business and economics and six-time winner of the McKinsey Award for the best Harvard Business Review article of the year agrees : Porter wrote "The Competitive Advantage of Nations" in 1990. The book is based on studies of ten nations and argues that a key to national wealth and advantage was the productivity of firms and workers collectively, and that the national and regional environment supports that productivity. He proposed the "diamond" framework, a mutually-reinforcing system of four factors that determine national advantage: factor conditions; demand conditions; related or supporting industries; and firm strategy, structure and rivalry. Information, incentives, and infrastructure were also key to that productivity.

r00fus 10y ago

> Let us not forget countries have a need to compete just like companies. Why? You think capital has rights?

marcrosoft 10y ago
I would argue "rights" are not a thing.