Re:European Union plans to tax tech giants on local revenue
by jopsen on Monday March 05, 2018 @04:42PM
(#16524731)
But you are attracting foreign investment at the expense of everybody else.
This is like peeing your pants when it's cold outside, it's nice an warm at first :)
If you look at America you'll see what this race to the bottom does. Amazons new headquarter selection process is entirely about luring tax incentives out of various states.
These schemes are largely outlawed in the EU, for good reason. The play Ireland makes only works because most of the European governments have too much integrity to play this game, and refuse to be beholden by corporate interest.
This is like peeing your pants when it's cold outside, it's nice an warm at first :)
If you look at America you'll see what this race to the bottom does. Amazons new headquarter selection process is entirely about luring tax incentives out of various states.
These schemes are largely outlawed in the EU, for good reason. The play Ireland makes only works because most of the European governments have too much integrity to play this game, and refuse to be beholden by corporate interest.