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tossandthrow 4 days ago

Because paying lower taxes is not a productive activity. It is quite plain a simple. It is an extractive activity.

In particular, the taxes being paid in these jurisdictions are not earned in them - which makes it even worse.

bn-l 4 days ago | parent [-]

Wait paying lower taxes is extractive?

tossandthrow 4 days ago | parent [-]

Yep, when it is paper money being transferred from other jurisdictions with the sole purpose of reducing the tax bill.

Thisnis not rocket science? Why all the lobbying?