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This is absolutely necessary. Think about this Microsoft Irish subsidiary that "made" $200 billion with ZERO EMPLOYEES. Not even a single person to go buy a s
by EMM_386 5y ago
This is absolutely necessary.
Think about this Microsoft Irish subsidiary that "made" $200 billion with ZERO EMPLOYEES.
Not even a single person to go buy a sandwich at lunch and "help the local economy".
Nobody.
The only beneficiary is Microsoft because nobody gets any tax revenue. And Microsoft can just hoard cash, it's not like they are going to rain it down to everyone's paycheck.
This is a global problem, it requires a global solution. As much as that answer is anathema to some, it seems necessary here.
- flavius29663 5y agothey do have some employees - the directors > Microsoft Round Island One, the registered address of which is at an office of the law firm Matheson in Dublin, states in its accounts that it has “no employees other than the directors”. https://www.theguardian.com/world/2021/jun/03/microsoft-irish-subsidiary-paid-zero-corporate-tax-on-220bn-profit-last-year https://www.theguardian.com/world/2021/jun/03/microsoft-iris... What the Guardian is not saying (but I am not surprised, since it's a rag) is that MS has a huge presence in Ireland, in a different company, probably. Ireland has been MS base in Europe for decades, they have 2000 employees there, and it's where Azure had it's first European data center. I know because I applied to them back in the day, and my company had a one day outage in 2011 because of a lighting strike to the data center... MS should pay a minimum of 5-10% of those money in taxes, where they are produced, for sure. But let's get our facts straight, so we have a better voice when we say this.
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