When you see a government doing this, you know they're not interested in collecting Tax from their rich buddies.
This case will sit in limbo for 20x years.
At the same time they were telling HMRC (the British tax authority) that IP rights, etc. were incredibly valuable and a significant cost of doing business (in the form of payments back to the mothership), and that's why they made very little profit in the UK and didn't need to pay much tax.
Soon: "I.R.S. auditors have been pursuing Meta for about [a decade + length of current administration term]"
https://archive.ph/2026.02.24-124153/https://www.nytimes.com...
Absolutely not about this, as is clearly reported in the linked article.
Because... the article clearly says the case began under the FORMER administration, and goes further to say that it's not clear whether the CURRENT administration is going to drop the case.
I'd like to know how much less income tax would be, if we could tax multinationals properly.
Remember the fear mongering ads [0] Republicans ran during the 2022 midterms about arming IRS agents to act as a shadow army to go after every day law abiding people? As it turns out, Republicans were just talking about their own plans for ICE. Remember, every accusation from Republicans is an admission. Additionally, they don't care about crime, as they are specifically turning a blind eye to rich people and corporations breaking the law.
0 - https://www.cbsnews.com/news/republicans-87000-irs-agents-mi...
Mega is big enough to buy entire islands, and be its own country. A corporate country. One with a very specific constitution, enshrining rights, but also?
No corporate taxes.
If done right, you could lure away Western judges, police, and more as they retire. Or retire early. You could lure them away not with high salaries, but with shorter work days, AI assistance, and with it being a tropical paradise.
Compared to the billions Meta would pay in taxes annually, this endeavour would be far cheaper. And citizens would still pay taxes, of course.
Now imagine if Google, Musk Corps, Meta, and others all created a consortium to do just this, and, to build and fund the initial island.
I agree, not fully plausible. But... these guys can do a lot of interesting things, and I think if it was truly a tropical paradise, and land and housing was cheap and aplenty, lots might be interested in moving there.
Certainly, hiring the "glue" of society would be easy. I know so many people who retire to third world nations, but anyhow...
Yes, holes but, maybe something to ponder.
Corporate towns have existed, why not corporate nations?
Will those nations survive Maduragate? Won't in essence it make easier to deal with if they aren't under souvereign law, only international?
because they dont need to do that. They can already obtain what they want with smaller tax havens that have already established trade/tax treaties, have existing facilities, infrastructures, etc.