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I wouldn't single out FAANG (or Tech) for this particular issue, because it is not idiosyncratic to these sectors. It is a systemic issue with the corporate cul
by short_sells_poo 7y ago
I wouldn't single out FAANG (or Tech) for this particular issue, because it is not idiosyncratic to these sectors. It is a systemic issue with the corporate culture and regulations. Corporations have an obligation to shareholders and they would be open to lawsuits if they did not partake in this morally questionable but legally A-OK process.
- falcolas 7y agoIf they’re doing it, why not call them out for their actions? That someone else is doing it doesn’t make tech companies doing it somehow OK, or less worthy of condemnation.
- short_sells_poo 7y agoSorry I should've phrased that better. I agree with your point, but we should not target tech specifically for this, rather work on forcing the entire corporate landscape to change.
- falcolas 7y agoAny forcing action will realistically occur one sector at a time as the laws and morality catch up to that sections actions. This is simply a morality push against one sector, and its not as if we're not moralizing against other companies for doing this. HN will simply see more of the tech side of things due to the inherent bias of articles posted here.
- short_sells_poo 7y agoI disagree, because of what I posted before. This is not an issue idiosyncratic to Tech, and out of all the shenanigans they pull off, this might be one of the most vanilla ones. It's a little bit like (and I try not to strawman your argument) targeting the coal industry because they use this trick too. Yes, to add infamy, they dodge taxes as well, but more to the point, they do far more sinister things that should take priority (for that specific sector). The tax evasion is a very important, but more general and unfortunately pervasive problem of our society. I believe we'll do it a disservice if we try to target it narrowly like that. It will get drowned out by whataboutism and the bigger but specific issues. None of that can derail it when looking at the bigger picture.
- humanrebar 7y agoOr we could blame Congress for continuing to shepherd a ridiculous tax code instead of fixing it. Politicians have more to say about chicken sandwiches, library story time, and and NFL pregames when their actual job is exactly this sort of problem, not being professional culture pundits.
- pixl97 7y agoCongress is paid a lot of money not to talk about the tax code.