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 Along Anarcho-Capitalist Lines: A tidal wave of corporate migrants seeking (tax) shelter

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RR Phantom

RR Phantom

Location : Wasted Space
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Along Anarcho-Capitalist Lines: A tidal wave of corporate migrants seeking (tax) shelter Vide
PostSubject: Along Anarcho-Capitalist Lines: A tidal wave of corporate migrants seeking (tax) shelter   Along Anarcho-Capitalist Lines: A tidal wave of corporate migrants seeking (tax) shelter Icon_minitimeWed Jan 27, 2016 1:45 am

In the fall of 2008, with General Motors and Chrysler on the precipice of bankruptcy, executives at the car parts supplier Johnson Controls flew to Washington.

Along Anarcho-Capitalist Lines: A tidal wave of corporate migrants seeking (tax) shelter 1453802471841

The company's president testified before a Senate panel and implored the lawmakers to bail out the auto industry.

"Speaking for our company, and I am sure for all auto parts suppliers, we respectfully urge the members of this committee, and the Congress as a whole, to provide the financial support the automakers need at this critical time," Keith Wandell, then the president of Johnson Controls, said, warning that the failure of even one automobile company would "implode" the supply chain and lead to broad job losses.

Read more: http://www.smh.com.au/business/the-economy/a-tidal-wave-of-corporate-migrants-seeking-tax-shelter-20160126-gmeah0.html#ixzz3yQOXXc5P
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