4 ms·
Ireland does have the authority, but: 1. They have applied their own laws in a way that amounts to subsidies, and 2. The corporate structure turned out to be
by johnnyhillbilly 10y ago
Ireland does have the authority, but:
1. They have applied their own laws in a way that amounts to subsidies, and
2. The corporate structure turned out to be fictional, and allocations of profits were therefore also fictional. ("Arm's length" and all that.)
They even open the door for national tax authorities to use their findings and evaluate for profit shifting.
This is an inspirational moment - too long have tax treaties favoured those willing to break the spirit of the law and weigh down the little man with the consequences!