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No...you are just raising points that I didn't raise. The EU is the centre of industrial tax avoidance. Member states are responsible for assisting corporation
by hogFeast 7y ago
No...you are just raising points that I didn't raise.
The EU is the centre of industrial tax avoidance. Member states are responsible for assisting corporations (not just facilitating, advertising) in tax avoidance (trillions of dollars have moved out of tax systems as a result). This wasn't to encourage investment...yes, Luxembourg...Amazon has invested so heavily there...is your stupidity deliberate?
The connection with the EU is that the EC was run by the person who had signed a massive amount of those deals. The stuff that has been passed is weak, it probably won't work (nation states have already devised new ways to get round this), and work on transparency (most of these deals were secret) has been blocked by the usual tax havens (this contrasts nicely with the UK where transparency has been adopted in full, the only stumbling block was the inability to force this upon some overseas territories...it was adopted overnight in Jersey/IOM however).
Congrats you have read Wikipedia. What you don't seem to realise is that a "race to the bottom" did occur. Luxembourg did these deals, we now know, in the 1990s then other nations started copying. The EU triggered a race to the bottom globally and it occurred within the EU...but why let reality get in the way of your theories?
Again, we really need to crack down on these rouge tax haven states. Thankfully, the US/UK has led the way on this.