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> The registered HQ and a large research center are in London ... > so the work is, in practical and legal senses, U.S.-based... These two statements literall
by klelatti 1y ago
> The registered HQ and a large research center are in London ...
> so the work is, in practical and legal senses, U.S.-based...
These two statements literally contradict each other in both cases.
- logifail 1y ago> These two statements literally contradict each other in both cases Welcome to how multinational corporate entities structure their tax affairs! You might like to start by reading https://taxjustice.net/2024/11/06/corporate-tax-haven-index-indicator-deep-dive-royalties-and-services/ https://taxjustice.net/2024/11/06/corporate-tax-haven-index-... although there are many others....
- klelatti 1y agoThe people (about 2,000) are London based and work for a UK registered company so in both practical and legal senses the work is in the UK (eg employment taxes are paid in the UK). That the product of that work may be sold to another country for a price that transfers profits elsewhere doesn't change either of these facts. I don't agree with the statement that you're challenging but Google DeepMind's operations in London make it (still) an important centre for AI research and is probably why the UK is ranked third on many international AI country rankings.