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Old 07-03-2011, 18:38   #41
Chrysalis
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Join Date: Sep 2003
Posts: 12,047
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Chrysalis is cast in bronze
Re: HSBC Move To Hong Kong 'Likely'

Ignition come on, you dont see a problem of a corporate having a bigger say in policy than small companies and individuals? it is anti democratic.

If they can threat then threat in return.

eg. new law.

if based in uk 0% tax on transactions.
if move 25% tax on transactions.

make it save them money by not moving.

the big problem I see is shareholders unwilling to accept a drop in profits in a recession. That is the real problem. A corporate who manages to post 11billion profits at a time as damien said when social services are suffering and then claims its suffering is just petty.
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