What are the advantages and disadvantages of globalization?

Globalization leads to reduced public revenues

Question: What are the advantages and disadvantages of globalization?
Position‹2 of 2: Globalization is bad
Argument1 of 5›: Globalization leads to reduced public revenues

The free movement of labour allows companies to easily relocate to tax havens.

The argument

In a hyper-globalized world, companies are highly mobile and easily able to uproot operations and relocate across international borders. Capital, management and legal domicile can move in ways that workers and tax authorities cannot, so the entity being taxed has options that the government taxing it does not. This makes them highly sensitive to tax increases. If a company based in the UK believes it can make substantial tax savings by relocating operations to Ireland, there are very few mechanisms preventing it from doing so — no permission is required, and the destination has every reason to welcome the arrival. The condition that once made corporate taxation straightforward, namely that a firm's productive assets were fixed in the country that hosted its market, no longer holds. The consequence is a limit on what governments are able to choose. This mobility might prevent nations from introducing higher levels of corporate tax, not because such a policy is unworkable in itself, but because the tax base can leave in response to it. Any government weighing a rise has to weigh it against the risk of an exodus of jobs and industries, a political cost that no amount of additional revenue would offset. What follows is a shift in who pays rather than simply a fall in what is collected. Not wanting to risk that exodus, governments might keep taxes on businesses very low, or introduce more regressive taxes like a value-added tax or a goods and services tax in an attempt to recover public revenue. Such taxes place a larger burden on poorer demographics, who spend a greater share of their income on the goods the taxes apply to and who have no equivalent ability to relocate in response. On this account globalization does not merely reduce public revenues; it moves the cost of raising them from the most mobile participants in the economy to the least.

Context

Globalization increases corporate mobility. This means companies are more responsive to tax hikes and increases. As a result, they prevent governments from raising tax revenues through corporation tax and seek out tax havens as a cost-cutting measure.

Premises

[P1]Globalization makes companies highly mobile, allowing them to relocate across borders to minimize taxes. [P2] This mobility pressures governments to keep corporate taxes low or shift the burden onto regressive taxes that harm poorer citizens. [C] Therefore, globalization is bad because it erodes public revenues and shifts the tax burden onto the poor.

Counter-arguments

Globalization does not decrease public revenue, it increases it. Globalization increases the average global income, bringing more money into the public coffers through income taxes. Prior to the first wave of globalization, global GDP per capita growth rates were marginal. Following the first wave of globalization, global GDP growth rates have soared. This directly translates to public revenue through corporation tax (however low), income tax, value-added tax, goods and services taxes, import taxes, property taxes etc.

Rejecting the premises

[Rejecting P3] Corporation tax is not the only way to increase public revenue. [Rejecting P4] Globalization increases GDP per capita, which means higher public revenues through other taxes.