Ritchie\’s idea about multinationals is that we should insist that they report their accounts as if they are a series of independent and separate organisations: that is, that they are contractors in a market not integrated companies.
From this year\’s Nobel for economics:
Williamson’s theory of vertical integration clarifies why firms are essentially different from
If they are \”essentially different\” then they should be taxed differently, no?
So that\’s that idea dealt with then.