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According to Reuters[1], "Facebook said the latest change does not have tax implications." If they are still paying taxes through Ireland for the profit they ma
by pdkl95 9y ago
According to Reuters[1], "Facebook said the latest change does not have tax implications." If they are still paying taxes through Ireland for the profit they make off those 1.5b users, they seem to be choosing to EU jurisdiction (which would include the GDPR) regardless of any contract of adhesion they forced users "agree" to.
[1] https://www.reuters.com/article/us-facebook-privacy-eu-exclusive/exclusive-facebook-to-put-1-5-billion-users-out-of-reach-of-new-eu-privacy-law-idUSKBN1HQ00P https://www.reuters.com/article/us-facebook-privacy-eu-exclu...
- dragonwriter 9y agoFacebook could have made a startegic decision to permanently repatriate profits based on US tax law changes before making the GDPR decision, which would make the GDPR decision tax-consequence free.