J.C. Scull
1 min readDec 22, 2022

--

This is a normal fear which by the way it is also prevalent in the USA. However, economics will show you that when a corporation moves to another country, it takes with it a minimal number of jobs. The executive suite (CEO, Executive VP, CFO) which comprises of a handful of people might move, but the rest of the corporation's operation has to stay.. For instance: logistics, warehouses, assembly plants or some manufacturing, retail sales, services, etc. This idea that companies will move out are promulgated by these companies as a scare tactic. It is not that easy to move out of a country. It is expensive and working remotely is not that easy.

I know. I worked for the big companies for 35 years. I lived in four countries during this time.

I also know how large corporations think. They don't want to pay taxes and they engage politicians thrpugh bribes or the so-called "campaign contributions" in order to accpmplish this.

Also, tax increases do not have to be huge. They can be carried out strategically. and slowly. However, both in the U.S. and the UK taxes are going the other direction. The tax system continues to be dismantled by politicians who want to push "supply-side economics." However, time and again it is proven that what works is "demand-side economics." Of course, large corporate concerns do not want to hear that.

Sorry, for the long response. I hope I didn't bore you too much.

--

--

J.C. Scull
J.C. Scull

Written by J.C. Scull

I write about culture, international trade, and history. Taught international business at two universities in Beijing, China.

Responses (1)