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Interesting calculation. Did they deduct taxes paid, salaries and dev time? If not, this was a negative sum game for google. Would be very curious to know.
by yawaworht1978 5y ago
Interesting calculation.
Did they deduct taxes paid, salaries and dev time?
If not, this was a negative sum game for google.
Would be very curious to know.
- AnssiH 5y agoIf you are willing to read, here's the original decision PDF, including details about fine: https://ec.europa.eu/competition/antitrust/cases/dec_docs/39740/39740_14996_3.pdf https://ec.europa.eu/competition/antitrust/cases/dec_docs/39...
- brewdad 5y agoI should hope so. The whole point of these fines should be to prevent the behavior rather than just make it a cost of doing business.
- mtsr 5y agoRevenue, not profit, so that by definition doesn't deduct any costs.
- hulitu 5y agoGoogle does not pay significant taxes in EU. Just like other companies they use a lot of tricks to avoid paying taxes.
- Crash0v3rid3 5y agoSounds like the tax laws needs changing. I don’t know how we can blame companies from leveraging loopholes if they are available.
- krzyk 5y agoHow you fix a situation when a child company in Country A pays parent company in Country B a given amount for using logos, trademarks?
- slavik81 5y agoPut a tax on licence fees for logos and trademarks.
- josefx 5y agoIt is less the tax laws and more the trade agreements between countries. Until a few years ago the biggest tech companies used a bit of creative accounting to make sure that all their EU profits would at least on paper be made in Ireland because it had the lowest taxes of all and Ireland had no reason to change that. The EU stepped in once it came out just how far the Irish tax office was willing to go to support that scheme, I think they outright allowed Apple to skip the pretense (and several shell companies) entirely while declaring their profits to be Irish.