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That is resolved today by subsidiary clauses in laws. If owned or controlled by big-co in an non arms length manner, then it wont be considered a 'small compan
by woolvalley 8y ago
That is resolved today by subsidiary clauses in laws.
If owned or controlled by big-co in an non arms length manner, then it wont be considered a 'small company' in terms of the GDPR.
Edit: These corporate control laws have teeth, otherwise every small & large business owner would do something similar by making all of their corps 'offshore' in some zero tax jurisdiction and pay 0 tax locally except for business done actually in the territory itself.
- viraptor 8y agoOh, but they're completely "independent", I don't understand what's the problem, Mr regulator ;-) This already exists in many ways for financial aspects. Sure, it's not super legal/moral, but... Or the could be completely legitimate small businesses doing this device for anyone.
- viraptor 8y ago> would do something similar by making all of their corps 'offshore' in some zero tax jurisdiction and pay 0 tax locally except for business done actually in the territory itself It's not 0, but large corps already do this. https://en.m.wikipedia.org/wiki/Double_Irish_arrangement https://en.m.wikipedia.org/wiki/Double_Irish_arrangement