Tax avoidance is robbery, regardless of what any silver-tongued outrider of the corporate world tells you. Companies depend on the labour of their wealth-creating workers: a workforce expensively trained up by a state education system, kept healthy by state healthcare, and whose low pay is subsidised by the state.
The private sector depends on a bailed-out financial system, state-funded infrastructure, state support for research and development, and a law and order system to protect them and their property.
via The EU needs to crack down on the real scroungers – tax avoiders | Comment is free | theguardian.com.
Leading economist Gavyn Davies has argued that low wage growth accounts for more than two thirds of corporate profits since the 1980s. As a substantial proportion of these profits have been used to pay dividends to shareholders, executives who are directly paid in restricted shares have directly increased their pay at the expense of their workers.
via Ripped-off Britons: Two thirds of corporate profits since the 1980s have come from keeping wages down.