3 ms·
not sure what you mean
by buboard 7y ago
not sure what you mean
- rtkwe 7y agoDouble Irish with a Dutch Sandwich. Companies like google can charge their profitable branches in other countries royalties to use Google software or platform moving the profits out of a higher tax country like France into Ireland where there's little to no tax. Even after they patched the Dutch part that allowed even the marginal Irish taxes to be avoided companies can still artificially lower their profit by transferring IP to an Irish company and charging for it's use. https://www.investopedia.com/terms/d/double-irish-with-a-dutch-sandwich.asp https://www.investopedia.com/terms/d/double-irish-with-a-dut...
- buboard 7y agoyes of course how did i ignore to comment. i said > It is a protectionist / anti-tax evasion measure primarily
- vonmoltke 7y agoHas any country explored options for shifting to a revenue tax to eliminate such games entirely?
- rtkwe 7y agoI don't know honestly. Seems like a tough road to go down because there are legitimate ways for a business to have high revenues relative to their profits like low margin businesses and you don't want to stamp them out accidentally targeting this kind of dodge.
- JAlexoid 7y agoThis tax is exactly that.
- AdrianB1 7y agoIt is done intentionally by countries like Ireland that otherwise would have zero interest from any investors. And this loophole is actually the foundation of the EU free market: you can produce something in a country, sell in another one, pay VAT in the destination country but pay profit taxes in the origin country. What France and others want is to pay profit taxes also in the destination country, on top of VAT.
- mywittyname 7y agoTax cross-country licensing fees at some absurd rate.
- IshKebab 7y agoHe's saying that this tax exists because large tech companies are in a position to easily evade the taxes that most businesses have to pay.