Historically (19thC) they created new manufacturing as there was opportunity, a underdeveloped financial market and very limited "globalization" mostly focussed on developing export markets in exchange for prime ressources. Since globalization and a bonfire of national controls over capital flows has developed a "market" for "legal" tax …
Historically (19thC) they created new manufacturing as there was opportunity, a underdeveloped financial market and very limited "globalization" mostly focussed on developing export markets in exchange for prime ressources. Since globalization and a bonfire of national controls over capital flows has developed a "market" for "legal" tax avoidance schemes that has freed the elite from the "obligation" to share their wealth with the people that (at least) co-produced it.
Historically (19thC) they created new manufacturing as there was opportunity, a underdeveloped financial market and very limited "globalization" mostly focussed on developing export markets in exchange for prime ressources. Since globalization and a bonfire of national controls over capital flows has developed a "market" for "legal" tax avoidance schemes that has freed the elite from the "obligation" to share their wealth with the people that (at least) co-produced it.
Oh. Damn.