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However a reversion to national regulation also assumes that the economy can be renationalised.  However if the global economy is dominated by global corporations with opaque internal transfer pricing etc. it is doubtful whether that genie can be put back into the bottle.  A standard global corporation profits tax payable wherever the profit is generated would remove the incentive to to cook the books or divert resources for purely tax avoidance reasons..

notes from no w here
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Sun Jan 11th, 2009 at 12:49:07 PM EST
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