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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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