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Okay, the EC is wrong in that lower tax burdens are a form of state aid. Higher corporate taxes also tend to cause all sorts of new ways to lower tax burdens wh
by Shivetya 10y ago
Okay, the EC is wrong in that lower tax burdens are a form of state aid. Higher corporate taxes also tend to cause all sorts of new ways to lower tax burdens which can mean even less tax revenue, let alone simply up and moving to a more tax friendly environment. The EU needs to worry about Africa soon scarfing up companies looking for a way out.
Then last of all, they are fooling themselves if they don't think EU based companies aren't receiving similar deals. This seems concentrated only on US based companies for the time being.
Finally consider this, countries which lowered their corporate rates found increases in wages and taxes. This includes Canada and Japan
- Someone 10y ago"This seems concentrated only on US based companies for the time being." AFAIK, Fiat isn't US based (http://www.wsj.com/articles/eu-rules-that-starbucks-fiat-benefited-from-illegal-tax-deals-1445419279); http://www.wsj.com/articles/eu-rules-that-starbucks-fiat-ben... neither are FC Barcelona, Real Madrid, and several other Spanish football clubs (http://europa.eu/rapid/press-release_IP-16-2401_en.htm http://europa.eu/rapid/press-release_IP-16-2401_en.htm), or Amsterdam, Antwerp, and other ports (http://europa.eu/rapid/press-release_IP-16-124_en.htm http://europa.eu/rapid/press-release_IP-16-124_en.htm) Significantly lower amounts, yes, but certainly not "only on US based companies" Taking it broader than tax rulings, many other examples exist. Meanwhile, I read that both Ireland and Apple are going to appeal this ruling, so one can see this as a shot very close to the bow that doesn't make the ones shot at surrender. I hope the result will be that the ruling that the deal is illegal will stand, with a smaller payback. Reasons? I think it is immoral that large companies can negotiate such deals, and applaud the EU for standing up against their pressure when smaller countries do not have the spine to do so, but do not think all blame lies with Apple.