Re:European Union plans to tax tech giants on local revenue
by gaius on Monday March 05, 2018 @04:09PM
(#16524423)
Without tax incentives, our ability to attract foreign direct investment is massively reduced
The Irish government hit upon a very clever strategy of collecting subsidies from the EU, spending that money in lieu of tax in its own territory, therefore being able to charge lower corporation tax, luring jobs away from the very economies that were paying those aformentioned subsidies in the first place! Unfortunately the other EU countries have figured out what was happening now.
The Irish government hit upon a very clever strategy of collecting subsidies from the EU, spending that money in lieu of tax in its own territory, therefore being able to charge lower corporation tax, luring jobs away from the very economies that were paying those aformentioned subsidies in the first place! Unfortunately the other EU countries have figured out what was happening now.