Hacker News new | ask | show | jobs
by ecaradec 2667 days ago
French guy too. I have to add that’s not specific to US company : Total, Ikea, and even EDF (french electricity state owned company ) also use the same practices. I too would prefer that they fix the law. It has been decades we know this and nothing seems to be done. I hope that the fact that population is getting more and more upset by the situation will push the politics to move. Btw the way the same companies dont seem to pay taxes in the US either.
1 comments

I think the key point here is that all global companies structure their tax in the most efficient fashion possible. They pay a bunch of money (millions) to save far more in tax globally. Forget morality. They are behaving optimally for their incentives.

The only way forward is to shut down the model of "redirecting profits to the place with the lowest tax". Kill it with fire.