The Globalization Shell Game

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This article describes how globalization works for many companies. Set up operations in low tax countries to avoid taxes. Then petition your friends in congress to let you bring the profits home, at a reduced tax rate, to "stimulate investment and create jobs". Then you use the profits to distribute dividends to shareholders and you buy back your stock to award options to executives and increase the share price. Of course you lied about creating jobs. Instead you "right size" your labor force to boost profits and, of course, the value of your stock options. And, by the way, you come back a few years later and play the same game. Congress. of course, understands the game and no questions are asked about what you did the last time the game was played.