the American Congress has approved a new tax law that only taxes the foreign assets of corporations at around seven percentage points when they are repatriated, i.e. brought back to the USA. The Big Five of the digital industry (Apple, Google, Facebook, Microsoft and Amazon) will now transfer the billions of dollars in assets they vietnam rcs data have acquired abroad. because this will certainly mean high special dividends. And the US economy can also be happy, because the billions "brought home" will also be used for new investments in the United States.
All of this is legal and, from a corporation's perspective, even required. Any CFO would be violating his duties if he did not seek the optimum profit and tax avoidance for his company. So in this game of global corporations there are mainly two losers: the local or national competitors. And these are also the local or national hosts.
Now, it is commonly argued that the Big Five - such as Google in Zurich - create thousands of jobs and pay their employees well. That's true. But they also suck up the national IT employees who have been trained at Swiss schools and universities and are now working for global companies that operate almost tax-free. Of course, the employees pay local income tax, but of course they would do the same for national or cantonal companies. With their profit tax, these companies ensure that a country's (educational) infrastructure can be built up and expanded. I am also thinking of the major publishers Tamedia, Ringier and NZZ or even the SRG.