3 ms·
This isn't entirely true. From what I read the problems are mainly 2: 1) Some companies move profits to very low tax cuntries outside the EU. For example Starb
by paglia_s 11y ago
This isn't entirely true. From what I read the problems are mainly 2:
1) Some companies move profits to very low tax cuntries outside the EU. For example Starbucks in the UK bought coffee beans in from a subsidiary in an offshore country at very high prices so they can claim very low profits in the UK, moving most of them offshore where they pay very little taxes
2) Other companies like FCA and Apple instead are accused of having stuck deals with EU governments (Luxemburg and Ireland) where in exchange of having their HQ there they would get to pay very low taxes which other than being morally questionable (in my opinion) is possibly illegal because it amounts to state aid since other companies don't get the same treatment
- ZenoArrow 11y agoMore or less, yes. To get a fuller understanding of the tax avoidance schemes used, worth taking a look at the game Taxodus. http://taxodus.net/ http://taxodus.net/ P.S. You might want to edit line 1 of point 1. ;-)
- sofaofthedamned 11y agoThat really is a superb typo...