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For anyone wondering if this will actually have a sizable impact on FAANG and their aggregate tax burden, my guess is no based on the following quote: > Tech f
by fairity 5y ago
For anyone wondering if this will actually have a sizable impact on FAANG and their aggregate tax burden, my guess is no based on the following quote:
> Tech firms say they welcomed the move. Facebook vice president Nick Clegg said they recognised it could mean the company "paying more tax, and in different places".
- wongarsu 5y agoPaying taxes, just like employing people, gives you leverage and generally more friendly conditions (including court rulings). With Facebook (and FAANG in general) coming under increasing scrutiny I imagine they would happily pay a bit more if their tax is spread over more territories and thus influences more politicians and courts.