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Reply #22: And? [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
kiahzero Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-19-04 04:30 PM
Response to Reply #5
22. And?
The company doesn't have to be a US firm... it can always incorporate in another country.

The fact of the matter is that you can't close all loopholes, because the United States government is not all powerful, nor does it's soverignity extend around the world. If a company no longer is incorporated in the United States, it's no longer bound by US law.

There are things you can do to prevent companies from *wanting* to do that, but you can't magically lock all companies inside the US.

Besides all that, Kerry isn't lying here... I think you are misinterpreting his statements. His point was not that there is no way to regulate business - that interpretation can only come from someone bound and determined to see it that way. Rather, he's saying that there is no strict way to force companies to locate within the United States.
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