Source: Common Dreams
by Alison Schultz & Bemnet Agata
“One of the stranger features of the modern economy is that we no longer disagree about what a multinational corporation is—until the conversation turns to tax. Investors value Apple as a single global business. Consumers experience it as a single company. Its executives manage it as an integrated enterprise, allocating capital, research, production, and marketing across continents according to commercial strategy rather than national borders. Nobody seriously believes that Apple’s subsidiaries are independent businesses negotiating with one another as though they were unrelated companies. They are constituent parts of a single commercial enterprise. Yet this is precisely the legal fiction upon which the international corporate tax system was built—and continues to rest.” (08/18/26)
https://www.commondreams.org/opinion/corporate-tax-legal-fiction