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The major problem is that Ireland, Netherlands, and Luxembourg also have veto powers when it comes to EU wide regulations. Luckily they understood this was alie
by marcyb5st 2y ago
The major problem is that Ireland, Netherlands, and Luxembourg also have veto powers when it comes to EU wide regulations. Luckily they understood this was alienating the other EU members and so they conceded to a minimum of 15% taxation rate [1]
[1] https://taxation-customs.ec.europa.eu/taxation/business-taxation/minimum-corporate-taxation_en https://taxation-customs.ec.europa.eu/taxation/business-taxa...
- mytailorisrich 2y agoYes, they are small and weak and had to concede to the big and powerful... And "alienating" is exactly my point: Those big and powerful don't want others to set lower tax rates than they have.
- izacus 2y agoNo, the 25 other states don't want them to set those tax rates.
- surgical_fire 2y agoThis is not a bad thing. In isolation those countries would be weaker, and would have a lot less negotiating power against bigger countries.
- meiraleal 2y agoThe Netherlands is the 5th biggest EU economy.
- marcyb5st 2y agoFair, but then you should allow other countries tax stuff however they want. It's not fair saying "Ireland can lower taxes as much as they want for big tech, but countries that are food producers can't tax exports to Ireland a bit more to make up for the loss of income due to Ireland's taxation rate". And if you allow that, what is the point of the European Union?