How does having a company that contributes effectively zero to your country make that nation better off?
As an example look at the similarities of clothes and shoes donations from the west to Africa with opening up to parasitic businesses. All these charity efforts have done is undermine the local clothes and shoes production and market making it impossible for people to build businesses and create jobs.
If I open up a new fictitious nation to all trade and allow them all tax write off on investment in other countries then I don't get a prosperous nation. I get a basket case that cant compete with foreign existing industry, can't develop competitive local industry or employment, and likely stuck in debt because tax revenue would be so low.
Yes you are. Look I know you want to seen the big picture but that's not how it should work. If you spend money in country A that shouldn't give you the right to write of revenue in country B. From the perspective of country B you were profitable. If you want to write off revenue in country B then invest, pay taxes or don't do business there.
Countries don't need parasitic businesses like that. All they will do is undermine the economy and local competition.
The business is effectively a parasite. No demand for local employment and no tax revenue from the businesses profits means everyone else has to pay for the same infrastructure the parasite gets for nothing. If anything the people of country B should care more.
I'm not against foreign companies operating where ever they want but tax comes as a cost of business. If a company won't contribute to a nation it whether through taxes or investment it has no right to be there. It's effectively a parasite.
But it wasn't sold for $0 in Spain. Its not right to be able to write off revenue from expenses of another country. Taxes are a cost of business. Again I don't get why it seems reasonable that country A gains at the expense of country B's loss. Why would country B want your business when you contribute nothing to their country/ economy?
See this is what I don't like about these kind of tech companies. They act like they're special and deserve special treatment. They aren't and they don't.
A company is fully within their right to choose how it spends money but the taxation should work on an individual nation basis. Why should investment in country A come at the expense of tax revenue generated in country B?
As an example look at the similarities of clothes and shoes donations from the west to Africa with opening up to parasitic businesses. All these charity efforts have done is undermine the local clothes and shoes production and market making it impossible for people to build businesses and create jobs.
If I open up a new fictitious nation to all trade and allow them all tax write off on investment in other countries then I don't get a prosperous nation. I get a basket case that cant compete with foreign existing industry, can't develop competitive local industry or employment, and likely stuck in debt because tax revenue would be so low.