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In reply to the discussion: Is Exxon a nation? [View all]FarCenter
(19,429 posts)7. No. They are not a sovereign.
A sovereign excercises supreme governmental authority in a particular territory.
Exxon is a transnational corporation. It conducts business operations in multiple territories more or less in conformance with the laws of the multiple sovereigns. "More or less" because some territories may fancy that they have extraterritorial jurisdiction to impose conflicting laws on other territories, and various other territories may have relatively undeveloped legal systems.
For example, in some countries bribery is customary, yet the US attempts unilaterally to make it illegal if done by companies that also do business in the US.
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It's kinda weird that I just read this morning that "the British East India Company
rhett o rick
May 2012
#20
Lee Raymond: "I'm not a U.S. company, and I don't make decisions based on what's good for the U.S."
steve2470
May 2012
#3
Uh, yes. And Coca Cola. And the KOCH brothers. And many many others. AND they can VOTE!1 n/t
UTUSN
May 2012
#9
I'm sick of their commercials supposedly supporting teachers and public education
proud2BlibKansan
May 2012
#13
What is the tax rate of the average American? And why are you defending Exxon? nm
rhett o rick
May 2012
#21
The article also says that Exxon paid zero income tax in 2009, in fact the taxpayers paid them
rhett o rick
May 2012
#25
If they need help in "convincing" a small country to bow down to their wishes,
rhett o rick
May 2012
#28