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by JuniperMesos
40 days ago
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Why is it shocking to suggest that multi-national companies deliberately arrange to have their headquarters in a legal jurisdiction that has favorable tax laws for them? This makes perfect sense and it's something I would consider doing myself if I was starting a company. |
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And what of incorporating somewhere, having your headquaters somewhere else, having your main office in a third place, and this all owned by a shell company in a fourth place, with all your assets owned by a fifth company, which rents it back to you for extortionate rates, your EU subsidiary in a sixth place, the actual EU offices in a seventh place, etc etc etc.
Thats not even approaching the trickery and deceit that is accepted as completely normal - let alone the ones that actually get in trouble
Do these sorts of things have legal benefits for the companies involved? (yes)
If I had a company over a certain size, I'd probably do it too. But it has sharply negative consequences for the rest of society, and for trust in the system in general.