3 ms·
On an unrelated note, I think that's a really smart move on the part of the EU. Most of these companies do what they can not to pay taxes in Europe, and counter
by dvfjsdhgfv 9y ago
On an unrelated note, I think that's a really smart move on the part of the EU. Most of these companies do what they can not to pay taxes in Europe, and counteracting it is difficult without hurting other businesses or creating other kinds o bureaucracy. But with the GDPR, the EU can easily put million-dollar fees on these companies easily.
- C14L 9y agoAny fines would likely go to court many times, before they actually have to be paid. And all those large corporations will show up with a huge mountain of lawyers to try and get around any law that may exist. Taxing the large companies is difficult, because of individual countries (like Ireland and Netherlands) free-riding to attract investment, while hurting all other EU members. "Tragedy of the Commons" that sort of thing.
- _o_ 9y agoFortunately GDPR includes class action against corporations and there was already one rejected (prior to GDPR) fro EU high court with 25.000 FB users. Now it wont be rejected.
- home_boi 9y ago> Most of these companies do what they can not to pay taxes This applies to all companies, everywhere. The problem is that the EU don't close their loopholes.