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"I got one am very pleased to see the EU doing good work against tax havens. It's no wonder the British press hate the EU so much." Oh please! Jean-Claude Jun
by alexasmyths 9y ago
"I got one am very pleased to see the EU doing good work against tax havens. It's no wonder the British press hate the EU so much."
Oh please!
Jean-Claude Junker - the #1 man in the EU - was the architect of Luxembourg's tax-avoidance schemes.
Your statement very difficult to comprehend.
The UK is a regular taxed entity. It is NOT a haven really in any way.
Meanwhile: Luxembourg, Monaco, Lichenstein, Isle of Man and a few others are broadly tax havens, and Ireland is a huge haven in specific corporate circumstances.
Not only is the EU rife with tax havens - but they are also duplicitous in their application of the law.
The EU's grab of billions from Amazon, Google and Apple is theft of private property.
The EU is acting like Venzuela or a banana republic.
Re-interpreting the law retrocatively 25 years???
These 'big corps' will do everything possible within the law to lower their taxes - but they obey the law and pay their taxes.
If the EU, in 1980 had said 'here are the rules' - then big corps would comply.
But the EU deciding one day that 'oh, this tax law, which we have actively accepted for 25 years as meaning 'this' - now means 'that'. Retroactively.
This is what tin-pot dictators like Putin do when they wish to nationalize specific industries - and it's scary to any business person and bad for business.
The EU's job should be to make sure there is relative tax harmony, that the rules are clear, and then that people follow those rules.
Not to change them willy nilly and grab billions because of socialist populist sentiment.
If they want to change how things are - change the tax laws. that's it.
- riffraff 9y agothe EU is not changing any rule, they are enforcing one of the original ones: a state must not make special cases for companies. The principle is fundamental because otherwise everybody would play favourites with their own "national champions". The case against Luxembourg is not that taxes there are low, it's that they are low _for amazon_. What Luxembourg says is not "this is a new rule" but "we have not played favourites".
- weddpros 9y agoLet's talk about Total (french oil company) which didn't pay ANY taxes in France until recently. BTW, it was the most prosperous company in France at that time. Only when the media investigated did they start to pay some corporate taxes. There was way less hatred against Total than against any american companies as we see today. Do you know that France distributes so many subsidies to french companies (110B€), that's way more than the total corporate taxes it collects (36B€). And Total is still the clear winner in the tax cut race in France ;-)