Large corporations are becoming transnational in that they have no home-base headquarters in one nation in an effort to avoid paying taxes. They pick and choose among countries who have the most advantageous tax laws and set up patents and copyrights there. This is becoming more prevalent among large U.S. companies just when the nation needs revenue more than ever in light of the “Great Recession” of 2008 and an increasingly crumbling infrastructure.
In an article in the NYT, it’s reported that the E.U. will open an investigation into such practices. It focuses on the case of Apple in Ireland where Apple is being accused of getting special treatment by the Irish government to bring business to the island nation. The Union claims that this sort of accused practice is hurting competition amongst other European nations.
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