2 ms·
Not a reasonable conversion for mainly two reasons: * Ireland is a stepstone to not taxing most of their profits at all. Read about the double Irish with a Dut
by markvdb 9y ago
Not a reasonable conversion for mainly two reasons:
* Ireland is a stepstone to not taxing most of their profits at all. Read about the double Irish with a Dutch sandwich (expiring in 2020). Google for example was (is?) an aggressive user of this technique.
* Ireland has made (according to the EU) illegal custom agreements with multinationals. These erode the taxable base in a way that has no link with reality whatsoever. That goes against OECD and EU principles.
[0] https://en.wikipedia.org/wiki/Double_Irish_arrangement https://en.wikipedia.org/wiki/Double_Irish_arrangement
[1] https://www.nytimes.com/2016/08/31/technology/apple-tax-eu-ireland.html https://www.nytimes.com/2016/08/31/technology/apple-tax-eu-i...