Harmy,this has been a discussion on these boards for years now. But if Mish finally nails it this time okay. The bigger debate is how to tax multinational corporations. Should there be an international system with a level playing field? Should the point of manufacture be on taxing spot and the point of sale be still another taxing spot?Or should there be no tax on these corporations so that we transfer all the wealth to them and away from the vast majority of this globes population?Dave
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