Re:GDPR: Removing Monal from the EU
by viraptor on Thursday May 17, 2018 @05:45PM
(#17096238)
And it's good that it wasn't allowed. Otherwise we'd just have medium sized companies worrying about GDPR while large companies spawn one-man shell companies that "specialise in data processing".
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Re:GDPR: Removing Monal from the EU
by woolvalley on Thursday May 17, 2018 @05:57PM
(#17096366)
That is resolved today by subsidiary clauses in laws.
If owned or controlled by big-co in an non arms length manner, then it wont be considered a 'small company' in terms of the GDPR.
Edit: These corporate control laws have teeth, otherwise every small & large business owner would do something similar by making all of their corps 'offshore' in some zero tax jurisdiction and pay 0 tax locally except for business done actually in the territory itself.
Oh, but they're completely "independent", I don't understand what's the problem, Mr regulator ;-) This already exists in many ways for financial aspects. Sure, it's not super legal/moral, but...
Or the could be completely legitimate small businesses doing this device for anyone.
> would do something similar by making all of their corps 'offshore' in some zero tax jurisdiction and pay 0 tax locally except for business done actually in the territory itself
It's not 0, but large corps already do this. https://en.m.wikipedia.org/wiki/Double_Irish_arrangement