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A comment on Facebook fined €110M for providing misleading information on WhatsApp takeover. Parent comment

Re:Facebook fined €110M for providing misleading information... by kayoone on Thursday May 18, 2017 @08:58AM (#14366786)
technically they have to adhere to EU laws because all of them have EU subsidiaries (mostly in Ireland) through which they act in Europe. But the irish government is obviously happy about all the jobs and taxes they bring to a small country without a lot of industry or natural resources, so all the lawsuits kind of go nowhere.

See http://www.europe-v-facebook.org/EN/en.html

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Re:Facebook fined €110M for providing misleading information... by wayn3 on Thursday May 18, 2017 @11:13AM (#14367904)
obviously. but they are only in ireland because it fiscally makes sense. there is no real reason for facebook to maintain a presence in the EU any more than they have to have a Seoul office to offer facebook services in south korea.
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Re:Facebook fined €110M for providing misleading information... by Markoff on Thursday May 18, 2017 @02:46PM (#14369904)
well for instance Paypal in Europe is in Luxembourg and I doubt it's for tax purposes
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Re:Facebook fined €110M for providing misleading information... by wayn3 on Friday May 19, 2017 @07:20AM (#14374519)
In the case of paypal its not for tax purposes, but its still for money purposes.

Financial institutions tend to gravitate towards luxembourg. Favourable banking law and part of the EU etc.

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