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Ireland got hit really hard during the GFC they were in a big deficit like many other countries and couldn't pay their creditors. They went to the ECB to ask fo
by yardie 10y ago
Ireland got hit really hard during the GFC they were in a big deficit like many other countries and couldn't pay their creditors. They went to the ECB to ask for more money. The ECB called it and said you aren't charging enough taxes to sustain the government. So they did.
* Taxes are paid wherever you do business. If you're a EU-based company doing business in the US guess what you don't pay VAT. But you'll certainly pay US taxes on that transaction.
* Those accountants are going to have to show that taxes were paid somewhere. Whether it be in France, Ireland, or the UK. They've been closing loopholes like the double-Irish sandwich and I'm fairly sure the accountants knew this day was going to come. Unlike Ireland and the UK, France, Germany, and Italy have been very aggressive about going after big companies as a public spectacle. Even if they don't find anything. It keeps smaller companies that may be doing the same inline.