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by seanmcdirmid
3073 days ago
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They do pay taxes elsewhere. They are subject to each country's tax laws that they make income in. You are probably referring to the Irish/EU arrangement, but that has little bearing in Japan or China or wherever else China makes money. |
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With respect to Japan and China, a multinational company, an effectively stateless entity (or possibly a state unto itself) can simply move to the most profitable country, thus forcing countries to compete for its tax dollars. Thus, the multinationals, unless resisted via solidarity, will cause a collapse in all nations treasuries.