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They are not punishing the companies, they are ordering the countries the follow EU law and that indirectly means that Apple or Amazon for example needs to pay
by cc81 9y ago
They are not punishing the companies, they are ordering the countries the follow EU law and that indirectly means that Apple or Amazon for example needs to pay more taxes.
I think it is a pretty reasonable law. EU has a large inner market and the idea behind this law is that corporations should not be able to play countries against each other (i.e. you get a lot of jobs if we don't have to pay corporate tax) and just using tiny countries to get access to the large ones.
So see it as a collective bargaining that is beneficial for EU.
- plandis 9y agoWell actually the US published a white paper [1],on how the EUs interpretation (not a change in law) changed when it benefitted hem to go after Apple. This isn't collective bargaining it's selective application of the law to give EU companies an advantage. [1] https://www.treasury.gov/resource-center/tax-policy/treaties/Documents/White-Paper-State-Aid.pdf https://www.treasury.gov/resource-center/tax-policy/treaties...