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There's also the argument that they made enough money with these monopolistic practices and it's now time to stop or share their stash with the EU. How could h
by petre 2y ago
There's also the argument that they made enough money with these monopolistic practices and it's now time to stop or share their stash with the EU.
How could have the legislator forseen all of these practices in order to codify them into laws? Regulation usually comes after abuse.
- viraptor 2y agoWhat do you even mean? There's no payments to EU in this case. How would they share the stash?
- petre 2y agoThrough the huge fines they are subject to if they violate the the law.
- viraptor 2y agoThe EU fines are typically fairly small. Every time one is given, you can see someone on HN commenting it's spare change for the company. Those fines in practice are set to "pay this symbolic amount and fix things, or the next fine will be huge". I don't think anyone refused to implement the required fixes yet.
- pasc1878 2y agoApple - and the rest of the large companies manage to order their payments so that their profits are offshored out of Europe. Which means they are not paying the corporate tax an EU resident company would. So EU is not getting their fair share.
- pkaye 2y agoDon't they send the profits to Ireland which is within the EU?
- pasc1878 2y agoYes first. But the company is in the US and Ireland pays to the main company for various things - so the parent company makes the most profit
- Kwpolska 2y agoCorporate tax doesn't go to the EU, it goes to the government of the country you're incorporated in. Countries like Ireland and the Netherlands have very low tax rates, and big tech companies benefit from that.