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It's not about earnings. Having datacenters in europe would still require them to respect the laws in europe. They need those datacenters for latency and plenty
by nkassis 15y ago
It's not about earnings. Having datacenters in europe would still require them to respect the laws in europe. They need those datacenters for latency and plenty of other reasons. If they were forced to only reside in the US or in Europe it would make for a shitty experience for where they are not.
And going to europe isn't really feasible when most of the developers they hire come from the US. They could come to Canada if they want (they already have offices but they could just move the head office.) :)
Basically this is another law that fails to face the reality of globalization and is a strong overreach of the US Gov. It's potentially also destroying jobs if companies as you say must choose a place to be in.
- wheels 15y agoI wonder if it's a structural problem: if the problem is that the parent incorporation is in the US rather than the US incorporation being a subsidiary of a holding company in e.g. the Cayman Islands. That seems like it'd be a solvable, if massively annoying problem.
- nkassis 15y agoGood point,it would also be interesting to know if this affects any business that does business in the US or only US based. My bet is it's the former (I am not a lawyer). Just because of the loophole you exposed. Think of all the foreign banks.