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What if they leave? Their company already don't produce much in France, it's all imported. They are paying minimal taxes already on what they produce and sell
by BiteCode_dev 1y ago
What if they leave?
Their company already don't produce much in France, it's all imported. They are paying minimal taxes already on what they produce and sell outside of France. And they don't pay taxes personally. So what would we lose if they leave?
For the things that are actually made in France, it's because they have to. They would have moved it already otherwise. So it's physical assets and people that can't be moved or sourced elsewhere. So what they have to produce there, they will still do. Their real estate, their logistic chain vehicles, and their local workshops will stay here. Even if they would sell part of it in fact, the actual physical stuff would stay here.
And what they sell here, they will still do: they are not going to exit the French market just because they can't be physically here so it's not going to affect the economy that much. What, less jet and luxury hotels revenue? It's ok.
And of course, we can increase taxes on their companies so that they get less revenue to compensate for their exile. We tax trading or exporting French-based company stocks so that they can't move that around without paying first.
Besides, once a stock is bought from the IPO, moving it from hand to hand is not investing more money into the company in any way. It's not going back into the economy.
They can move with their bank accounts and bonds, why do we care? It's not something that goes into our economy. They made sure of it.