4 ms·
Every country in Europe has some sort of wacky tax exception for multinationals. Every state is locked in this race to the bottom with its neighbouring countrie
by Luc 10y ago
Every country in Europe has some sort of wacky tax exception for multinationals. Every state is locked in this race to the bottom with its neighbouring countries.
It's great that there is a supra-national authority forcing the states to cooperate on getting multinationals to pay reasonable taxes, because it wouldn't happen otherwise.
- cel1ne 10y agoI'm not sure about that. I think most multinationals follow the same double-irish structure [0] which is based on laws in Ireland, the Netherland and the Bermudas. According to Wikipedia (just listing the IT-companies): * Adobe Systems * Apple Inc. * Facebook * Google * IBM * Microsoft * Oracle Corp. * Yahoo! [0] https://en.wikipedia.org/wiki/Double_Irish_arrangement https://en.wikipedia.org/wiki/Double_Irish_arrangement
- wsc981 10y agoAlso bands like U2 make use of such structures to avoid taxes: http://www.economist.com/news/business-and-finance/21625444-irish-government-has-announced-plans-alter-one-its-more-controversial-tax-policies http://www.economist.com/news/business-and-finance/21625444-...
- furilo 10y agoAt least they are Irish...