‘The practice, called trade mispricing, costs developing countries dearly. We estimate that the US$160bn lost each year could, if used according to current spending patterns, save the lives of 350,000 children under the age of five every year."
You see, because if companies don\’t pay their taxes then the money just disappears. There\’s no such thing as an opportunity cost in lefty world.
Now then, out in the real world what does happen when the capitalist bastards manage to dodge taxes? One of two things.
1) The company has a higher retained profit which it then uses to reinvest in the business. More jobs, higher wages, economic growth, Hurrah!
2) The company pays it out to their fat cat shareholders who simply engorge themselves on the lucre extracted from the sweat and blood of the poor. And investments in companies working in poor countries are seen to be paying higher returns. Which leads to more capital being invested in companies working in poor countries so more jobs, higher wages and economic growth, Hurrah!
It is of course possible to argue that direct spending by governments will do more for the chances of the poor than more foreign direct investment. But to argue that if the money is not paid in taxes then it simply disappears as far as the poor are concerned is simply nonsense.