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A well tried and tested scheme by corporations. Company establishes a presence in a country, collects subsidies (payed by taxpayer money) under the pretence to
by splittingTimes 5y ago
A well tried and tested scheme by corporations. Company establishes a presence in a country, collects subsidies (payed by taxpayer money) under the pretence to later pay it back in taxes and employment. However, once the subsidies end, they move on to the next country. Having the taxpayer footing the bill. Rinse and repeat.
- panick21 5y agoThis is mostly nonsense. Tesla is not spending a multiple billions more for a very complex, very expensive factory (far larger then just the battery factory), heir and train 1000s of employs, developing local supply lines only to move the whole factory. Specially because they specifically located the factory there to serve the local market. You are turning the exceptional case and pretending it is the usual case.
- splittingTimes 5y agoWith subsidies of 63 million dollars over a 10 year range Nokia build a huge plant in Germany, employed some 3200 people, had supply chains running, etc. The factory was profitable. However, once the 10y contract was over they closed the factory and relocated to Romania. And this was in a year where Nokia posted 7.2 billion in profits.. Same with afshion companies and car manufactures. https://www.ft.com/content/74ab02a6-fd85-11df-a049-00144feab49a https://www.ft.com/content/74ab02a6-fd85-11df-a049-00144feab...
- panick21 5y ago> You are turning the exceptional case and pretending it is the usual case.