Sunday, 17 February 2013

Unintended Consequences


While I in no way condone tax avoidance by large corporations, it has been happening (and perfectly legally) for decades - in fact, ever since governments invented the loophole.

To suddenly stop the legitimate avoidance of tax, however, may have unintended consequences, as profits will dip, shares will be sold and people may get laid off. It might just precipitate a quadruple economic dip.


3 comments:

  1. And there again it may lead to more revenue, less multinational corporate giants artificially moving profits to avoid tax, sweetness and light and free beer for the masses. It might do all sorts of things.

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