>>The key problem is that corporations can avail themselves of the public goods (infrastructure, public education, public order) and then use accounting maneuvers to shift profits to jurisdictions that will not tax them.
Countries can easily tax income generated by foreign corporations within their jurisdiction.
What you and Yellen are advocating risks imposing on the entire world an economic and tax system that may be far from optimal, to address a risk that can be mitigated through numerous other methods.
Countries can easily tax income generated by foreign corporations within their jurisdiction.
What you and Yellen are advocating risks imposing on the entire world an economic and tax system that may be far from optimal, to address a risk that can be mitigated through numerous other methods.