- Sep 30, 2003
They won't remain in the USA and there's no way of stopping it.How will you make sure these companies remain in USA? Or does your world view take that as a given?I think we still have alternatives, like restructuring corporate governance and staking a societal claim on the offshore profits of Corporate America.
Socialism? It's the best of the limited alternatives, other than for a very small segment of the population. They'll get by, I'm sure.
They'll do what's called corporate inversion (IIRC) and be gone. There's not a damn thing that can be done about it. At least not until you change the Constitution to prohibit US citizens and residents from owning foreign property. Good luck with that.
From what I read we're more likely to move the opposite direction: Give up claiming taxes on corporate income earned outside our borders.