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All these rulings are applications of laws, they apply equally to all. This is not protectionism. The EU is all about free and fair trade. In fact the illegal
by jopsen 8y ago
All these rulings are applications of laws, they apply equally to all.
This is not protectionism. The EU is all about free and fair trade.
In fact the illegal tax schemes the EU have been fighting is very much a form of protectionism. One country may NOT give favorable tax incentives inorder to protect investments coming in.
- throwaway37585 8y agoYou don’t seem to know what the word “protectionism” means. Tax incentives are not protectionism.
- jopsen 8y agoHow is unfair tax incentives different from direct subsidies?
- throwaway37585 8y ago1. Unfair according to whom? You're presenting your opinion as if it were fact. 2. To put it bluntly, the fact that you equate tax incentives with direct subsidies suggests you don't understand economics. https://mises.org/library/no-tax-breaks-are-not-subsidies https://mises.org/library/no-tax-breaks-are-not-subsidies
- jopsen 8y ago1) Fair point.. In the EU we have laws against using tax incentives to lure companies to specific countries or cities. Unlike the US where Amazon is currently picking the location it's next headquarters based on what tax incentives Amazon can get. This kind of race to the bottom is not permitted. Yet, certain EU countries have been finding ways around it to attract/retrain specific business.. At least that's my impression.
- timrichard 8y agoLike the extremely favourable tax incentive given to Amazon by the EU President, back when he was Prime Minister of Luxembourg? [1] https://www.theguardian.com/world/2014/dec/10/juncker-amazon-luxembourg-eased-tax-expert-comfort https://www.theguardian.com/world/2014/dec/10/juncker-amazon...