If it's too onerous, then don't trade there. Simple. Facebook is welcome to abandon Europe if paying fair tax is not to it's liking. Something else will rise in

If it's too onerous, then don't trade there. Simple. Facebook is welcome to abandon Europe if paying fair tax is not to it's liking. Something else will rise in it's place. It's like the arguments against the Australian MRRT for the mining industry - a tax that only kicked in if you were making 5% or more profits[1]. "The miners will go to other countries!" was the shrill cry from the mining industry. Uh, no they won't, and not just because the resources are physically here. As long as it's still reasonably profitable, companies will keep doing business in a location. [1] In a monumentally bad bit of PR, the initial public-sell name for the Minerals Rent Resource Tax was... drumroll... the Super Tax.