Or people will think twice about opening companies in your jurisdiction. There's a reason pretty much all the new fortune 500 companies created in the last few decades are not from the EU.
Why exactly is it that the quality of a society is measured by how many big companies they have? Does Philip Morris contribute to society or detract from it? Can we dispense with the notion that big companies inherently improve society? Letting go of this does not imply you are a communist, regardless of how many seem to think so. You can believe that society achieves better outcomes by having tighter rules of play, rather than an anything goes mentality. Yes it makes it harder to create megacorps with billions upon billions of revenue. And so what?