Multinational Corporation Law and Legal Definition

Multinational Corporation A multinational corporation is any corporation that operates in more than one country, and they get very large, and because they operate in several countries they can shuffle profits from one subsidiary to another to avoid taxes or other kinds of legal restrictions in one country. They can also shuffle jobs in and out of countries. For instance, in the fish processing industry in Alaska, a lot of the fish processing is done by Japanese multinational corporations on Alaska fish and then they sell the fish right back to the U.S. Over 600,000 metric tons of bottom fish were caught in Alaska, processed by the Japanese and sold back to the U.S. last year.[State v. Haley, 687 P.2d 305, 309 (Alaska 1984)].