Globalization and Corporate Taxes

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If corporations want to be treated like persons, then they will have to pay their taxes like normal people. That's just another founding principle in the ongoing war on corporatism.

If I go work overseas, I still have to pay US taxes - as long as I'm a US citizen. So why should the corporations be any different?

The tax experts may question this line of thinking, but let's remember who pays them.

The Hindu has an article on the issue which seems fair and balanced.

Of course, more and more companies are choosing to move to Dubai, where, under a dicatator, they enjoy more freedoms than here in the US. More on Halliburton and KBR here>>

Who needs democracy when you can have bigger profits instead?

It's all about the size and share of the pie...

Funny thing, Dubai is not weathering the global financial as well as might be expected. Many of these offshore companies will come back or disappear. No bails-outs for them! Good luck Dubai.

For individual tax dodgers, watch the weasels squirm as Swiss bank accounts become more transparent. First Switzerland, then Panama and Singapore.

What's my point in all this raving? Pretty simple really: businesses and individuals have a responsibility to all their constituents, not just shareholders. And the sooner they wake up to that reality, the sooner they will truly become "good citizens of the world." It's capitalism 2.0 versus police state 2.0 - which do you prefer?

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This page contains a single entry by Christian Sarkar published on March 2, 2009 9:56 AM.

Why No One Trusts the CEO was the previous entry in this blog.

The Corporate Memo – Lessons Learned from P&G is the next entry in this blog.

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