You made my point again. If you look at the wikipedia page, it's not incorporated in Sweden. It's a multinational corporation with an office in Sweden.
It's literally headquartered in Stockholm. That's like saying a Silicon Valley startup isn't actually in California or subject to California's laws solely because it incorporated in Delaware.
So are many multinationals, for tax reasons (not labor law reasons) related to something called IP migration that let corporations evade taxes on local income.
Labor laws affect a company if they have employees in that jurisdiction. It doesn't matter if your HQ is somewhere else.
HQ is still here in Stockholm, it grew from Sweden up to the point it was incorporated outside of Sweden to go public, because shareholders will be moaning about it. It is still a very Swedish company, paying taxes in Sweden.
Incorporated outside of Sweden is the key here. It seems people are downvoting me because they dont want to hear the truth...but other commenters keep making my point quite nicely.
Incorporating outside of Sweden allows big companies to enjoy tax benefits and then hire Engineers from Sweden at an average of 50,000USD to 68,0000USD (these numbers can easily be found on Google).
They get lower taxes, a cheap labor pool, and the company isn't limited through draconian taxes and regulations, it only has to deal with it at a satellite office. It's a win-win.
Now show me a company that's large, started in Sweden, and is still in Sweden many years later.
yellowapple|6 years ago
gamblor956|6 years ago
Labor laws affect a company if they have employees in that jurisdiction. It doesn't matter if your HQ is somewhere else.
piva00|6 years ago
bobbytran|6 years ago
Incorporating outside of Sweden allows big companies to enjoy tax benefits and then hire Engineers from Sweden at an average of 50,000USD to 68,0000USD (these numbers can easily be found on Google).
They get lower taxes, a cheap labor pool, and the company isn't limited through draconian taxes and regulations, it only has to deal with it at a satellite office. It's a win-win.
Now show me a company that's large, started in Sweden, and is still in Sweden many years later.