Firstly there are some simple issues that most international companies are very tax "efficient" - paying their alloyed fair share would drive most of the Fortune 500 into the red this year
I am not saying that's a bad thing but it is a hard thing
Secondly allocation of resources is soluble. - one example would be an international agreement to pool all taxes and share out to countries in proportion to employees per country, but in the end companies pay how much we are willing to let them get away with.
Comments
Firstly there are some simple issues that most international companies are very tax "efficient" - paying their alloyed fair share would drive most of the Fortune 500 into the red this year
I am not saying that's a bad thing but it is a hard thing
Secondly allocation of resources is soluble. - one example would be an international agreement to pool all taxes and share out to countries in proportion to employees per country, but in the end companies pay how much we are willing to let them get away with.
What are you basing your assertion that most fortune 500 would be in the red on ? Corporate profit (post tax) are at a record high (e.g. http://elidourado.com/blog/the-short-run-is-short/).
Partly poetic license - my apologies.
The nearest I can find is http://www.uspirg.org/reports/usp/representation-without-tax... citing 18% paid on expected taxes of 35%. Which makes an extra 220 bn - almost double.
Given that the avg net margin is 6.3% (see below) doubling the effective tax rate would cause significant issues - but I need more data
Plus 1 for calling me out http://seekingalpha.com/article/428181-debunking-s-p-500-p