I must say that this mail has quite a bit of emotion in it.
It was earlier in the week that I was awestruck with two bits of media information that I was exposed to.
1. Some person of reasonable responsibility in US administration mentioned (as reported in media) that for issuing pink slips, corporates must first target "foreigners".
2. In a hard hitting 1-on-1 interview, an experienced journo asked a very senior business magnate as to why his company is shrinking manpower in "West" and increasing in "East" or Chindia. Answers that business is shrinking in "West" and growing in "East" were completely brushed aside.
At the same time is it not "immoral" (my interpretation from the interview) for the company to float subsidiaries in tax havens and, therefore, avoid paying tax to a "Western" country when the country needs all the money.
Above two examples are from the countries that have been propagating the spirit of "free enterprise" for decades if not centuries. At the same time most tax havens were created to save tax "from developing or undeveloped countries" for the benefit of the corporates of "developed world".
I find it rather amusing as to how changed scenario makes perspectives so different........
Should I laugh or cry?
It was earlier in the week that I was awestruck with two bits of media information that I was exposed to.
1. Some person of reasonable responsibility in US administration mentioned (as reported in media) that for issuing pink slips, corporates must first target "foreigners".
2. In a hard hitting 1-on-1 interview, an experienced journo asked a very senior business magnate as to why his company is shrinking manpower in "West" and increasing in "East" or Chindia. Answers that business is shrinking in "West" and growing in "East" were completely brushed aside.
At the same time is it not "immoral" (my interpretation from the interview) for the company to float subsidiaries in tax havens and, therefore, avoid paying tax to a "Western" country when the country needs all the money.
Above two examples are from the countries that have been propagating the spirit of "free enterprise" for decades if not centuries. At the same time most tax havens were created to save tax "from developing or undeveloped countries" for the benefit of the corporates of "developed world".
I find it rather amusing as to how changed scenario makes perspectives so different........
Should I laugh or cry?
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