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Globalization has allowed corporations to profit of higher profits and shareholder wealth by operating in several countries at the same time. Naturally that includes more taxes, the thing that we all abhor but it is essential for the governments to function. Unsurprisingly, corporations have their own methods to much lower, hide, and/or avoid paying taxes. This is mostly done through tax avoidance, a legal way to acquire the most profit and pay the least amount of taxes. Corporations pay top dollar for accountants and lawyers to find loop holes, get creative with law, and exploit the tax avoidance methods that they love a lot. Globalization has enhanced and enhanced the amount of ways that multinational corporations practice tax avoidance mainly through using tax havens and transfer pricing.

Transfer pricing is the process of establishing accounts where the transaction of the multinational company is demanded. The accounts themselves are offshore that deal with the price of the transactions between the main company and its subsidiary for instance. These accounts are established in the tax havens discussed earlier, allowing for even much lower tax rates. The pricing policy that the company uses directly affects the amount of taxes the company will pay to the countries they operate in. This allows intra-company trade to enhance dramatically rather than trading with outside companies or countries. This process triggers countries to lose essential tax income, despite wealth status (Shah, globalissues.org).

To sum up, Globalization did allow corporations to enhance profits, but at the same time use new methods of tax avoidance. An universal tax system ought to exist with globalization to hinder tax avoidance and bring in tax income. Corporations have become people through the Citizens United v FEC Supreme Court case. However, unlike people they have the ability to be all over to sell, and nowhere to report their profits at the same time according to Joseph Stiglitz of CCPA Monitor. They are faithful to no country, if they find a tax haven or a more smart method of tax avoidance in another country they will use it. Their top goal is to maximize profits for themselves and their investors. They might care less if people are left unemployed or if governments don't collect the taxes that the corporations ought to be paying.

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Shah, Anup. "Tax Avoidance and Tax Havens; Undermining Democracy." Globalissues.org. N.p., 7 Jan. 2013. Web. 8 Apr. 2014. < http://www.globalissues.org/article/54/tax-avoidance-and-havens-undermining-democracy#WhatisTaxcompetitionandwhyisitbad.

Strauss, Ilan. "Globalization and Taxation: Trends and Consequences." Global Labor Column. Corporate Technique and Industrial Development, 1 May 2012. Web. 8 Apr. 2014. < http://column.global-labour-university.org/2012/01/globalization-and-taxation-trends-and.html.

I haven't heard a single person say that the profession they have selected is something they feel passionate about. Instead, I hear them discuss an emerging industry or that the pay excels, or that the job market in those areas excels.