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The question why there were flaws in current law in first place. I think they were there because politicians like to strut around with CEOs who bring employment
by geodel 10y ago
The question why there were flaws in current law in first place. I think they were there because politicians like to strut around with CEOs who bring employment opportunities(however dubious) in those areas which help them win votes. Governments sign MOUs and preferential treatment agreements to bring companies in their areas.
Instead of Apple if governments were more honest they would have told locals that companies are not looking to set up base here because they are seeking tax benefits and as upright people we will not do that.
- zaphar 10y agoIn some cases it's because .005% on billions of dollars is a better deal than 12% on zeros of dollars. These countries are competing with other countries on who offers the better deal to get a piece of the Apple/Google/whoever pie.
- geodel 10y agoOf course I agree with that. It is kind of cognitive dissonance in people that I should be able to negotiate a sweet deals for my 'humble needs' but companies must take most expensive deals for themselves.