It is argued that multinational corporations have the right to arrange their business as they see fit in order to maximize profit. But if that is the case, do beleaguered American taxpayers have to foot the bill?
Instead of cutting needed programs, our leaders should take a close look at our unbalanced tax code and close the outrageous loopholes that allow the wealthiest individuals and corporations to skip out on paying their share.
Tax avoidance becomes inappropriate when it is the nation's major corporations that, through the efforts of their lobbyists, become the architects of the very tax avoidance schemes that they then take advantage of.
Profit-making corporations have every incentive to underestimate the probabilities of potential disasters and lowball the likely externalized harms. This is why it's necessary to have such things as government regulators.