| > but it overlooks the ability of corporations to game the system via one or two self-interested jurisdictions. This is a feature of the market system and not a bug. > Some jurisdictions don't provide much in the way of public goods (small island states) or see an opportunity to raise some modest taxes on money they would otherwise never see (eg the Netherlands). Again, this is a feature and not a bug. > So you end up with the (individual) taxpayers of some countries subsidising these corporations, other countries profiting modestly and the corporations keeping most of the tax money. I do not understand the use of the word "subsidy" here. Corporations are keeping the money they have earned themselves is not a subsidy. Not to mention all the money that corporations earn eventually belongs to the individuals who receive them in the form of dividends or capital gains. > A rational country in the this market would set taxes to balance out the public goods provided. There is zero restraint on what is a "public good". Governments like to take over everything and control everything. Without corporations being able to influence policy and be able to move their money abroad we would end up in pretty bad state like California where you spend billions of dollars on a high speed train that goes from nowhere to nowhere and will never really complete to transport anything useful. I am not sure why leaving more money in hands of people like Joe Biden or Donald Trump should be seen as anything but pure evil at this point. |