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> The fact that companies do this is in some ways a good thing. Their freedom to relocate and move profits acts as a check on governments continually raising t
by hahainternet 12y ago
> The fact that companies do this is in some ways a good thing. Their freedom to relocate and move profits acts as a check on governments continually raising taxes.
Only on HN would massive large scale tax avoidance that has left Europe all but bankrupt would be rationalised as a good thing, because otherwise we could just feed the poor and that's no incentive to work in Apple's factories now is it!
- k-mcgrady 12y ago>> "Only on HN would massive large scale tax avoidance that has left Europe all but bankrupt" Yes, that's why our economies are screwed - tax avoidance. /s I agree that it's wrong but the fact that the loopholes have been exposed and our governments have failed to fix them is the real issue. We need to do something Europe-wide because it seems each country is scared to close the loop holes because the businesses will simply move to another European country.
- Shivetya 12y agoEurope is bankrupt because the benefits giving by politicians to secure their reelections are not paid for directly thereby allowing the public to not feel the price of the benefits. taxing corporations is a means to do two things, indirectly tax your own population and tax another countries population for your benefit. Corporate mobility like personal mobility is about the only means left to insure that there is some restraint on government spending. Hence the cries for one larger more encompassing governments; world or otherwise; which won't solve the problem but sound good to those who think they are being cheated of other people's money