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> an EU company, if big enough, could have moved to Ireland and negotiated a similar deal. Probably not, because their home country would go after them / make
by seydor 2y ago
> an EU company, if big enough, could have moved to Ireland and negotiated a similar deal.
Probably not, because their home country would go after them / make Ireland liable. These kinds of schemes usually work across jurisdictions
- mytailorisrich 2y agoHmm, "move to Ireland" means "home country" becomes Ireland. Obviously. Companies can do that, and in fact they do that. Fiat merged with Peugeot and suddenly the company is headquartered in the Netherlands, not France or Italy, for similar reasons.
- seydor 2y agoIn that case the EU would deem the state aid that the company receives is illegal. This is actually what this ruling claims, that Apple received illegal state aid.
- mytailorisrich 2y agoI understand but that's not really the point of my comment. This is just the first line that replies in passing to the previous one...
- seydor 2y agoAh well, the EU does have tax havens and it will keep them after this ruling. But there are limits because after all the EU can't be a fair open market if one state gives out so huge state subsidies.