4 ms·

I'm glad this is happening, hope they'll close this Double Irish Dutch Sandwich loophole for good.

Hamuko 9y ago
I can't wait for the next crazy tax dodge scheme name.
briandear 9y ago
I don’t. Not unless European countries plan to lower taxes. High tax rates are what causes these accountancy gymnastics. If the EU just charged a flat 10% tax — and actually enforced it, tax revenues would rise and these loopholes would be unneeded. Foreign companies would actually relocate to Europe by choice and not by necessity. Unemployment would also drop as a result. Business would boom.
- FBISurveillance 9y ago
  This is a different problem though. Sure thing, EU should work on improving the imperfect system; for what it's worth I personally think the EU state is little too socialist and too safe, if you will. But this isolated issue with this particular tax dodging scheme should be solved separately, as should "lowering tax rate", "reducing unemployment" et al. Enforcing law is different job than making law.
- stephen_g 9y ago
  According to certain theoretical frameworks... Empirically though there generally isn't any causal relationship demonstrated between corporate tax rates and wages, economic growth, or unemployment in most statistical data. This is a really big debate in Australia at the moment, a lobby group made up of large corporates (the Business Council of Australia) is campaigning heavily for a tax cut given the recent Trump cuts. So there's been a lot of examination of this data and the best they have is intuitive arguments ("of course if there's more profits you'll have more investment and employment") but they admitted in a Senate enquiry just yesterday that they didn't actually have any demonstrable statistical evidence that tax cuts have caused employment growth, wage growth or increased investment in any developed economy.
s_dev 9y ago
It's finished -- phase out will complete in 2020.

I can't wait for the next crazy tax dodge scheme name.

I don’t. Not unless European countries plan to lower taxes. High tax rates are what causes these accountancy gymnastics. If the EU just charged a flat 10% tax — and actually enforced it, tax revenues would rise and these loopholes would be unneeded. Foreign companies would actually relocate to Europe by choice and not by necessity. Unemployment would also drop as a result. Business would boom.

FBISurveillance 9y ago
This is a different problem though. Sure thing, EU should work on improving the imperfect system; for what it's worth I personally think the EU state is little too socialist and too safe, if you will. But this isolated issue with this particular tax dodging scheme should be solved separately, as should "lowering tax rate", "reducing unemployment" et al. Enforcing law is different job than making law.
stephen_g 9y ago
According to certain theoretical frameworks... Empirically though there generally isn't any causal relationship demonstrated between corporate tax rates and wages, economic growth, or unemployment in most statistical data. This is a really big debate in Australia at the moment, a lobby group made up of large corporates (the Business Council of Australia) is campaigning heavily for a tax cut given the recent Trump cuts. So there's been a lot of examination of this data and the best they have is intuitive arguments ("of course if there's more profits you'll have more investment and employment") but they admitted in a Senate enquiry just yesterday that they didn't actually have any demonstrable statistical evidence that tax cuts have caused employment growth, wage growth or increased investment in any developed economy.

s_dev 9y ago

It's finished -- phase out will complete in 2020.