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I wonder why? Seems like the central EU government has grown stronger against the autonomy of member states as they have been challenging Republic of Ireland's
by rolltiide 7y ago
I wonder why?
Seems like the central EU government has grown stronger against the autonomy of member states as they have been challenging Republic of Ireland's role in this for some time? And/Or the US tax regime is favorable enough now? Which is nice that you can wait it out. Easier to offset a 20% US corporate tax than a 35% one.
- hn_throwaway_99 7y agoFrom https://www.investopedia.com/terms/d/double-irish-with-a-dutch-sandwich.asp https://www.investopedia.com/terms/d/double-irish-with-a-dut... : Special Considerations Due largely to international pressure and the publicity surrounding the use of the double Irish with a Dutch sandwich, the Irish finance minister passed measures to close the loopholes in the 2015 budget. The legislation effectively ends the use of the tax scheme for new tax plans. However, companies with established structures can continue to benefit from the old system until 2020.
- wolfi1 7y agothere is no "central government". Ireland was not so long ago a receiver of large EU subsidies and at the same time permitted tax evasion. The EU Commission now ruled that those tax evasion schemes are illegal subsidies to the companies, if these ruling holds, is another matter.
- throwawaymanbot 7y agoIncorrect. Its not evasion. Its a tax agreement which every state in the EU is free to establish. And if we are going down the road to "illegal subsidies"... where do we even start?
- rolltiide 7y ago> there is no "central government" You're right, I meant The EU Commission flexing its autonomy over the member states using its own courts, governing abilities, and physical location. If only there was a word for that.
- antientropic 7y agoThe European Commission was created by the member states to ensure that the rules that they collectively agreed upon are enforced; it is not "flexing its autonomy". Any member state that no longer wants this is free to invoke Article 50 and leave the union.
- rolltiide 7y agoThe US Federal Government was formed by its member states too. Turns out it got way richer and noticed that all commerce is interstate commerce over the last century and uses that to flex its autonomy over all facets of life within the states. EU isn't acting that different, one ruling at a time.