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"piece of legislation intended to cripple US corporations and supplement EU budgets with US corporate profits". The most ignorant fucking statement I have read
by pwtweet 8y ago
"piece of legislation intended to cripple US corporations and supplement EU budgets with US corporate profits".
The most ignorant fucking statement I have read on HN in a long time. The 2016 GDPR is an update to the 2002 EU Data Protection Regulation. It has nothing to do with taxes, profits or crippling any company. It is an enforcement of the EU Charter of Fundamental Rights.
- sqdbps 8y agoBudget supplements come from potential fines which are set at an exuberant rate. "An update" as in adding new laws and regulations all of which are unneeded and all of which are targeting US companies.
- echelon 8y agoFines without teeth won't produce the desired effect. Privacy matters more than profit.
- Jedd 8y ago>... all of which are targeting US companies. Clearly not true, but exquisite in the context of the FB factory dodging tax via the Irish loopholes, and now moving away from Ireland as a base.
- sqdbps 8y agoI don't know what a "factory dodging tax" is but the new tax code removes the need for profit shifting so FB wouldn't take a tax hit and I guess you won't relish that as much. And on that note what's with all the commies here?!
- tw04 8y agoThe new tax code provides Facebook a 0.6% tax rate? Because that's what they're currently paying in Ireland.
- tmnvix 8y ago> And on that note what's with all the commies on HN?! I very much value the good faith exhibited on this forum. This comment is the antithesis of that. It is nothing more than bigotry.
- xrayzerone 8y agoThat's weird. I don't see similar responses whenever someone calls those who lean right of center "Trumpkins" or other witty epithets.
- ModernMech 8y agoTrump isn't right of center, Trump is right of right.