3 ms·
No it didn't. The only thing saving the Irish government from bankruptcy is special (illegal according to EU law) Irish tax deals with MAG7 companies. Facebook
by spwa4 2y ago
No it didn't.
The only thing saving the Irish government from bankruptcy is special (illegal according to EU law) Irish tax deals with MAG7 companies. Facebook. AWS. Microsoft. Oracle. Google. Salesforce.
Ireland was forced to renegotiate those tax deals after the action taken against the "double dutch sandwich" ... and it looks like they decided to just cut out the Netherlands.
Why does that matter? Ireland has veto power over what the EU does, and has already used it to prevent taxation of the internet giants. The EU cannot put serious effort in this, because that veto would just be used again.