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Does it really matter which country is the headquarters for the corporate owner? It's still a German plant hiring Germans and subject to German laws. The rule o
by HWR_14 4y ago
Does it really matter which country is the headquarters for the corporate owner? It's still a German plant hiring Germans and subject to German laws. The rule of law exists in both Germany and the US. German citizens can invest in Intel.
And, in the event of a US/German war, that plant is and will remain German, not American.
I think there's an excellent case for distinguishing that from companies from China, where non-Chinese citizens have a great risk of confiscation of their assets by investing, Chinese companies are subject to a lot of other rules even when operating outside China, etc.
- ferruck 4y agoThe difference is that patents for inventions made for Intel by Intel employees go to the US, whether or not that employee is an US person. Those inventions, if made by Germans, could instead help the German - or European - tech sector. That's kind of brain drain without actually leaving your country and sustainably hurts European competitiveness.
- HWR_14 4y agoThat just kicks the question down the road. It's not like patents don't share the exact same argument. There are US and German patents that only apply in their own countries. What difference does it make where the multinational that owns them receives mail. Unless you think Intel will refuse to do business with a European company vs a US one.
- tut-urut-utut 4y ago> Does it really matter which country is the headquarters for the corporate owner? It's still a German plant hiring Germans and subject to German laws. The rule of law exists in both Germany and the US. Of course it matters. The profit goes in the direction of headquarters, tax is paid in the country of headquarters, and the government of the country of headquarters has much bigger influence to the company.
- ChuckNorris89 4y ago>tax is paid in the country of headquarters Tax havens have something to say about that. The French semi giant, ST, is financially incorporated in the Netherlands (STMicroelectronics N.V.), as is the French giant Airbus (Airbus Group N.V.). There seems to be a pattern here. It's almost as if companies don't want to pay taxes, regardless if it's their home country.
- mytailorisrich 4y agoFollowing the merger between Peugeot and Fiat-Chrysler the new company (Stellantis) is also headquartered in the Netherlands, though I believe that Fiat-Chrysler already was. That's a recurring issue for France because they are not business-friendly. It's not even a question of being a tax-heaven (the Netherlands are not) but simply to make everything unduly complex and costly. We've also seen that following Brexit: Banks would move from London to Paris! Err, no they didn't move or moved to Amsterdam...
- sofixa 4y ago> but simply to make everything unduly complex and costly I disagree with that characterisation, doing business in France is not that complex. Amsterdam has a giant advantage though - the English language is widely spoken and accepted, which really isn't the case in Paris. If an international organisation is looking to move from London, Amsterdam makes much more sense than Paris, even if we disregard the taxes side of things.
- mytailorisrich 4y agoNot that complex... Right. It's complex and costly enough enough that France keeps losing out. It's ridiculous, really, because there is no good reason for this. It's a mix of lack of self-awareness and ideology. France is not an isolated case, though. Many countries are like that, sadly.
- 4y ago
- mytailorisrich 4y agoI'd say it's German economic (and more and more political) dominance over the EU and US geopolitical dominance over Germany...
- igravious 4y agoIntel's first fabs outside the US were in Ireland, Israel, and China (since sold). So, false.