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Originally Posted by DWBOX2000
Got it. So why do these companies stay if they are spending a ton to support these social services?. I’m assuming some of these are publicly traded. Is it in the shareholders best interest to be there?
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I assume for the same reason IT companies gather around in California and not Alabama despite being expensive = people who know how do do stuff do not want to move to appease shareholders.
Many of companies do have HQ in other countries for tax reasons. IKEA for example, is registered as non-pofit ORG in Netherlands. Ericsson HQ is in London (I believe). Volvo is owned by Chinese company etc. But people who build stuff still live in Sweden and employer is still obliged to pay their salary and social benefits in Sweden, regardless where corporate tax is collected.
Also, government has significant ownership of some of large companies and can exert pressure should some pump-and-dump shareholders try to make a quick buck.