7 ms·
> How do they "exist" in the EU? They both have headquarters in Dublin.
by seszett 9y ago
> How do they "exist" in the EU?
They both have headquarters in Dublin.
- Oletros 9y agoAnd physical presence in almost every EU country
- DVassallo 9y agoSo if they didn't have a physical presence in the EU, then it would have been fine not to tax them?
- DannyBee 9y agoWhich i'm sure they would happily burn to the ground if it meant they weren't taxed there. I don't think you want to go with the argument of physical presence. It rarely works well with any multinational.
- seszett 9y agoWell in the meantime these offices do exist, and they also employ people in quite a few EU countries[1]. So that's the reality they have to live with. [1] https://www.facebook.com/careers/locations/ https://www.facebook.com/careers/locations/
- Oletros 9y ago> It rarely works well with any multinational. how many multinationals have left any big market just for taxation?
- ringtail 9y agoAre you saying Singapore Co cannot receive payments from French consumers unless they pay corporate income tax to French Govt ? In other words, you are saying EU can deny its citizens right to buy foreign products ?
- Oletros 9y agoNo, I'm asking how many multinational have left a big market (one of the biggest in the world) just for taxation.
- ringtail 9y agoBut what do you mean by "leaving a market" ? MNCs have been doing restructring for decades for reasons ranging from regulations to taxes. If Google do leave EU, all it will do is legal maneuvering. Nothing will change for EU consumers. They can still do Google searches and buy ads. Profit will stay the same.
- Oletros 9y ago> But what do you mean by "leaving a market" Pulling off any presence in that market, offices, stores, etc. > If Google do leave EU, all it will do is legal maneuvering. Nothing will change for EU consumers. They can still do Google searches and buy ads. Profit will stay the same. No, because there is all of the burden of a company from outside the EU doing business with EU companies. And not talking about the restriction on data protection. And don't talk about companies like Amazon or Apple with physical goods
- ringtail 9y agoBenefit of Sales/Stores are insignificant compared to proposed tax liability. All these can/will be outsourced the moment it becomes reality. How would EU calculate profit share between US R&D and Ireland R&D ? Even if EU do tax R&D, exodus of talent will be just 2x salary increase away.
- Oletros 9y ago> Benefit of Sales/Stores are insignificant compared to proposed tax liability. You're joking, isn't?
- dangsmum 9y ago