At Walgreen, renouncing corporate citizenship

[fsquid]

states use tax breaks to 'woo' US companies from other states all the time. Congress does it to encourage (or discourage) certain behaviors almost constantly.

Why then do we act surprised when other people/states/countries do the same thing?

huh?

Since this is a tax evasion technique that originated in American accounting practices, I'm not sure if you think this is an example of other counties providing tax incentives.

If you recall, Manufacturing had the same shell game going on, with similar claptrap about the 'hidden hand of the market' and self immolating idiots suggesting that if only America could pay American workers the same 8 dollars a day that Indonesian slaves and child laborers would work for, we wouldn't see American factories opening up overseas.

Yeah. Turns out that once we trained Chinese, Indonesian, and Indian labor forces to use our techniques, they didn't need American assholes to produce the same products and sell them to Americans. 

That turned out well.

Tax expatriate companies will find out the same thing over the next ten years.  Once all that capital is just lying around in foreign countries, there is literally nothing to keep them from taxing it.

Hopefully, it becomes tax advantageous for it to come back.

[fsquid]

Sure, but so too can the US raise taxes.

Moving company HQs was a far bigger deal in 1930 and even 1980 than today... and is only getting easier.

Of course, as most goods are consumed in the US and we are seen as being stable, we don't have to absolutely be the cheapest to KEEP people here... We can be slightly disadvantageous vs other countries and still keep Walgreens or WalMart...

but this is only PART of the equation. The bigger question is how do we get some of those who have left to come back? Or how do we get those who were never here to come here? If a company has been somewhere else for 10 or 50 years, what do we need to do to make them come here? Wait for those other countries to screw them?

Obviously we can't be non-competitive tax-wise AND/OR non-competitive in labor costs... unless we save them an absolute fortune in shipping costs.

[finehoe]

The bigger question is how do we get some of those who have left to come back?

I say good riddence.  We just need to draft a law so that the members of the C-suite and their families lose their citizenship as well, and have to move with the company.  I suspect that would solve the problem quite quicklyu.

[NotNow]

The bigger question is how do we get some of those who have left to come back?

I say good riddence.  We just need to draft a law so that the members of the C-suite and their families lose their citizenship as well, and have to move with the company.  I suspect that would solve the problem quite quicklyu.

My, we are quite the liberal tyrant today, aren't we?

[finehoe]

My, we are quite the liberal tyrant today, aren't we?

I thought conservatives didn't like "moochers". 

[NotNow]

Almost as much as we don't like tyrants. 

My opinion on corporations leaving the country hasn't changed, neither has my opinion of Democrats "forgetting" about the Constitution.

[NotNow]

Take it up with Mr. Lincoln and the Supreme Court.  Because, they are the real thing.  lol....

[NotNow]

President Obama took a novel approach to the Habeous Corpus question though.  Just kill the citizen instead.  MUCH more efficient than Lincoln and Bushes approach.   If your a tyrant.

[NotNow]

President Obama took a novel approach to the Habeous Corpus question though.  Just kill the citizen instead.  MUCH more efficient than Lincoln and Bushes approach.   If your a tyrant.

In other words, you don't really have anything to add to the discussion about corporations using the US for profit, incentives, protection and special legislative favors and then leaving  the country once they've milked the system.

Unsurprising I suppose.

That's cute.  I answer your post and you accuse me of getting off subject.