Re:40% of multinational profits are shifted to tax havens ea...
by mcv on Tuesday November 19, 2019 @10:27AM
(#21573819)
> "When it comes to international corporate interest, American tax dollars are extremely well spent."
That just makes it worse: people pay taxes but don't get value for their money, while corporations pay no taxes but get lots of value for other people's money.
I guess it's possible that large companies have outgrown the need for US Government support internationally and figure its cheaper and more effective to lobby the leadership of countries directly. The problem is that this approach opens up Western nations to a new form of neo-colonialism. When Western "democracies" are controlled by large corporations, the door is open for the state-owned companies of China or Saudi Arabia to acquire these companies, and thus, their influence over Western nations.