"Denmark and Poland are refusing to bail out companies registered in offshore tax havens"
@kravietz Thats right call imo. Taxes must exist and citizens must know what they get from them
@nikolal Absolutely yes. I can't even imagine how a company registered outside of country X can come and ask for bailout from that country but I guess they just use subsidiaries. Or maybe the bailout should be limited to the amount of income tax paid.
@kravietz My guess is that they think "if Americans can do it so can we". Only difference is that conglomerates in US are too powerful and made their own laws that allow them to do it.
@nikolal In an ideal world that would be simple business calculation - in some cases it makes sense to attract foreign companies - even if they don't pay corporate tax directly, they pay salaries, social insurance, VAT etc.
Eastern Europe benefited a lot from foreign investments and I remember how devoid of any investments it was in early 90's. Obviously, this "tax honeymoon" shouldn't last forever and doesn't make any sense in developed economies.
This is where corruption comes...
@kravietz Corruption and great centralisation of power/wealth. Or as we in Eastern Europe say: late stage capitalism*
Redrafted capitalism into late stage capitalism