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When the benefits of creating a new country outweigh the costs (to shareholders), does it fall within the fiduciary duty of corporate leaders to form a new coun
by natvert 5y ago
When the benefits of creating a new country outweigh the costs (to shareholders), does it fall within the fiduciary duty of corporate leaders to form a new country?
- fotta 5y agoI'm curious if the world-at-large would recognize a corporate country though. A country is only a country if other countries recognize it as such.
- josefx 5y agoI wouldn't be surprised if you only needed one country to do it and then could funnel all your taxes through that complicit country. If that happened we would be back at the double Irish with an extra step. Forcing all participants to recognize the same countries could have all kinds of good or bad side effects especially when you consider China and Taiwan.
- newsclues 5y agoWhy would a corporation want a country? If you don’t control the planet you’re just waiting for your competitors to crush you.
- rio_de_mierda 5y agoCorporate motives can usually be reduced to one of three things: cheap (ideally free/forced) labor, cheap resources, and limits on liability.
- newsclues 5y agoMonopolize markets.
- ClumsyPilot 5y agoHahaha, and then be saddled with paying for defence infrastructure and education?"
- patrickaljord 5y agoPlenty of tiny nations already solved this problem by contracting other nations instead of building their own defense infrastructure. Granted it's not free either but much cheaper than building your own.
- evilsetg 5y agoA corporate country. Is that a dictatorship of the shareholders?
- gorjusborg 5y agoHow many days until I'm a tax-paying citizen of Amazon.com Inc.?
- fy20 5y agoThe many perks of a Prime membership!
- gruez 5y agoI thought part of the plan is that non-complying countries get sanctions/tarrifs applied so your plan wouldn't be viable?
- natvert 5y agoIt's not my plan, nor am I advocating for it. I just think it's a potential in the logical progression of events. To your point though, what if a few or even all Fortune n companies formed countries (or one country together). Who would the sanctions really hurt/benefit? I doubt it would hurt the corporate nation states as much as the others.
- gruez 5y agoI doubt all fortune 500 companies would just accept losing access to the markets of 130 countries, so I'm guessing you're talking about tariffs rather than sanctions (which imply a total ban). In that case it would depend on how punitive the tariffs are. If they're not punitive enough then you're right, companies might just deal with the tariffs in which case the corporate tax gets turned into a tax (assuming mot of the countries are in on it. If it's punitive enough (ie. it's better to pay the local corporate tax than to pay the tariffs) then you'd expect competitors to break ranks to gain a competitive advantage.
- svachalek 5y agoIt seems at some point, it's in shareholder interest to run wars and black ops against foreign corponations. And then we've gone full cyberpunk.