3 ms·

Doesn't your argument apply basically to any law? The problem with tax law is the following: - big corporations will lawyer up and still dodge taxes - small

by Joeri 9y ago

Doesn't your argument apply basically to any law? The problem with tax law is the following: - big corporations will lawyer up and still dodge taxes - small companies will do whatever they can do and they will bet that enforcement is going to be sparse - the enforcement will be non-existent I don't know if you meant to do so, but you seem to be arguing governments are incapable of enforcing law against companies.

chongli 9y ago
They're pretty incapable against large multinationals. The sort that hoard profits offshore for years and years, waiting for the tax holiday. CEOs can outlast multiple election cycles to get what they want.
- codeulike 9y ago
  EU fines Google record $2.7 billion in first antitrust case https://www.reuters.com/article/us-eu-google-antitrust/eu-fines-google-record-2-7-billion-in-first-antitrust-case-idUSKBN19I108 https://www.reuters.com/article/us-eu-google-antitrust/eu-fi... Microsoft fined by European Commission over web browser http://www.bbc.co.uk/news/technology-21684329 http://www.bbc.co.uk/news/technology-21684329 Apple ordered to pay €13bn after EU rules Ireland broke state aid laws https://www.theguardian.com/business/2016/aug/30/apple-pay-back-taxes-eu-ruling-ireland-state-aid https://www.theguardian.com/business/2016/aug/30/apple-pay-b... EU fines Facebook 110 million euros over WhatsApp deal https://www.reuters.com/article/us-eu-facebook-antitrust-idUSKCN18E0LA https://www.reuters.com/article/us-eu-facebook-antitrust-idU...
  - chongli 9y ago
    $2.7 billion is just the cost of doing business to Google. They had $32 billion in revenue last quarter.
    - nojvek 9y ago
      Sure, it ate into the margin however and the share price dropped significantly when the news got out. Europe is probably having a more functioning government than the US.
    - zaarn 9y ago
      2.7 b$ is not simply cost of doing business. 32 b$ revenue doesn't mean 32 b$ profit, once you deduct cost you are left with a lot less. Under GDPR the maximum fine grows to >4 b$ and that will hurt even more.

by Joeri 9y ago

chongli 9y ago

They're pretty incapable against large multinationals. The sort that hoard profits offshore for years and years, waiting for the tax holiday. CEOs can outlast multiple election cycles to get what they want.

codeulike 9y ago
EU fines Google record $2.7 billion in first antitrust case https://www.reuters.com/article/us-eu-google-antitrust/eu-fines-google-record-2-7-billion-in-first-antitrust-case-idUSKBN19I108 https://www.reuters.com/article/us-eu-google-antitrust/eu-fi... Microsoft fined by European Commission over web browser http://www.bbc.co.uk/news/technology-21684329 http://www.bbc.co.uk/news/technology-21684329 Apple ordered to pay €13bn after EU rules Ireland broke state aid laws https://www.theguardian.com/business/2016/aug/30/apple-pay-back-taxes-eu-ruling-ireland-state-aid https://www.theguardian.com/business/2016/aug/30/apple-pay-b... EU fines Facebook 110 million euros over WhatsApp deal https://www.reuters.com/article/us-eu-facebook-antitrust-idUSKCN18E0LA https://www.reuters.com/article/us-eu-facebook-antitrust-idU...
- chongli 9y ago
  $2.7 billion is just the cost of doing business to Google. They had $32 billion in revenue last quarter.
  - nojvek 9y ago
    Sure, it ate into the margin however and the share price dropped significantly when the news got out. Europe is probably having a more functioning government than the US.
  - zaarn 9y ago
    2.7 b$ is not simply cost of doing business. 32 b$ revenue doesn't mean 32 b$ profit, once you deduct cost you are left with a lot less. Under GDPR the maximum fine grows to >4 b$ and that will hurt even more.