TRUMP TAR­IFFS PE­NAL­IZE US MULTI­NA­TION­ALS AS US TAX­A­TION FAILS AMER­I­CANS

THE AP­PLE

Manila Times - - Front Page -

Amer­i­cans,butUS­tax­a­tion.

IN the pre-1914 era and dur­ing the pro­tec­tion­ist in­ter-war pe­riod, global eco­nomic in­te­gra­tion de­clined dras­ti­cally. As ma­jor cor­po­ra­tions com­peted largely in home mar­kets, their value ac­tiv­i­ties were mainly do­mes­tic. Fol­low­ing World War 2, the US-led Bret­ton Woods sys­tem en­sured a greater de­gree of in­ter­na­tion­al­iza­tion –

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