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This spells bad news for "MICROSOFT B.V.", the famous Dutch software company that has reported being responsible for billions of revenue of the Microsoft Corpor

This spells bad news for "MICROSOFT B.V.", the famous Dutch software company that has reported being responsible for billions of revenue of the Microsoft Corporation over those years.

FireBeyond 3y ago
Apple and others are working to explain how the majority of app and hardware sales have a nexus in Ireland. But wait til you hear of Ugland House (https://en.wikipedia.org/wiki/Ugland_House https://en.wikipedia.org/wiki/Ugland_House) in the Caymans - 10,000 sq ft, 5 stories... ... and registered offices of 42,000 companies.
- yieldcrv 3y ago
  [flagged]
  - xctr94 3y ago
    Why is it bad that corporations pay taxes? Ignoring your use of sexual language to that effect, I don’t see why companies get to use tax havens to avoid paying for the Common Good that serves everyone (regardless of how much % you think it should be).
    - Ylpertnodi 3y ago
      [flagged]
    - yieldcrv 3y ago
      I didn’t write it was bad, I wrote very specific words. They aren’t the recipient, just like Brazil, or Canada, or any random country isnt. If thats hard for you to understand, thats exactly what I’m trying to point out: it shouldnt be hard to understand. The “Common Good” isnt paid for by taxes, its paid by debt issuance and the taxes and other revenues pay the interest. This means that the things that would be funded already are funded, and no tax collection influences that. Regarding “tax havens”, this is also hubris. A high tax country that doesnt know how to balance its budget has a term for a low tax nation that operates within the confines of its budget. The Cayman Islands has legislated a tax, its just at 0% right now because they dont need the money that way. They found something competitive to raise enough revenues and didnt get involved in other things. Its nobodies problem that this is now impossible for the other country from its poor spending habits. Maybe one day you’ll see your blind spots. What I described is the reality that exists, it is already compliant to operate this way and that’s very unlikely to change. Countries compete on competitiveness for business.
      - xctr94 3y ago
        You picked one of the most unequal, lowest Gini countries ; one known for tax havens at the cost of quality of life for its people. In the EU we have Ireland, which many will tell you isn’t being run well. I don’t want to disagree with you for no purpose: I agree countries need to keep their spending in check. I live in a country that is far too generous on the wealthy (no substantial capital gains tax, corporations get lots of tax breaks). Are we competitive? No. In fact, a decent portion of graduates prefer moving to neighboring countries that offer better quality of life. Governments don’t exist to serve corporations. They are elected for and by the people. If all countries on Earth had the same corporate tax, this discussion would be very different.
- dannyw 3y ago
  To be fair, the Ireland case for EU seems more understandable. The EU has an economic union, and consumers still pay local VAT. If EU doesn't like one country has too low tax rates, that's an EU matter.
yieldcrv 3y ago
Is it? These companies and that specific structure involves paying the IRS off in “Advance Pricing Agreements” where they tell the IRS how they won’t pay taxes and the IRS signs off on it All they have to do is find the agreement
- jbverschoor 3y ago
  Those agreements are private, and against eu policy or law, the Netherlands has made numerous agreements regarding this with large corporations. Would love to see them

This spells bad news for "MICROSOFT B.V.", the famous Dutch software company that has reported being responsible for billions of revenue of the Microsoft Corporation over those years.

FireBeyond 3y ago

Apple and others are working to explain how the majority of app and hardware sales have a nexus in Ireland. But wait til you hear of Ugland House (https://en.wikipedia.org/wiki/Ugland_House https://en.wikipedia.org/wiki/Ugland_House) in the Caymans - 10,000 sq ft, 5 stories... ... and registered offices of 42,000 companies.

yieldcrv 3y ago
[flagged]
- xctr94 3y ago
  Why is it bad that corporations pay taxes? Ignoring your use of sexual language to that effect, I don’t see why companies get to use tax havens to avoid paying for the Common Good that serves everyone (regardless of how much % you think it should be).
  - Ylpertnodi 3y ago
    [flagged]
  - yieldcrv 3y ago
    I didn’t write it was bad, I wrote very specific words. They aren’t the recipient, just like Brazil, or Canada, or any random country isnt. If thats hard for you to understand, thats exactly what I’m trying to point out: it shouldnt be hard to understand. The “Common Good” isnt paid for by taxes, its paid by debt issuance and the taxes and other revenues pay the interest. This means that the things that would be funded already are funded, and no tax collection influences that. Regarding “tax havens”, this is also hubris. A high tax country that doesnt know how to balance its budget has a term for a low tax nation that operates within the confines of its budget. The Cayman Islands has legislated a tax, its just at 0% right now because they dont need the money that way. They found something competitive to raise enough revenues and didnt get involved in other things. Its nobodies problem that this is now impossible for the other country from its poor spending habits. Maybe one day you’ll see your blind spots. What I described is the reality that exists, it is already compliant to operate this way and that’s very unlikely to change. Countries compete on competitiveness for business.
    - xctr94 3y ago
      You picked one of the most unequal, lowest Gini countries ; one known for tax havens at the cost of quality of life for its people. In the EU we have Ireland, which many will tell you isn’t being run well. I don’t want to disagree with you for no purpose: I agree countries need to keep their spending in check. I live in a country that is far too generous on the wealthy (no substantial capital gains tax, corporations get lots of tax breaks). Are we competitive? No. In fact, a decent portion of graduates prefer moving to neighboring countries that offer better quality of life. Governments don’t exist to serve corporations. They are elected for and by the people. If all countries on Earth had the same corporate tax, this discussion would be very different.
dannyw 3y ago
To be fair, the Ireland case for EU seems more understandable. The EU has an economic union, and consumers still pay local VAT. If EU doesn't like one country has too low tax rates, that's an EU matter.

yieldcrv 3y ago

Is it? These companies and that specific structure involves paying the IRS off in “Advance Pricing Agreements” where they tell the IRS how they won’t pay taxes and the IRS signs off on it All they have to do is find the agreement

jbverschoor 3y ago
Those agreements are private, and against eu policy or law, the Netherlands has made numerous agreements regarding this with large corporations. Would love to see them