Re:I quit the tech industry
by hopeless on Wednesday June 10, 2015 @09:00AM
(#9691755)
There are no plans to change the corporate tax rate and the EU have no jurisdiction in these matters.
What is happening, rightly so, is the dismantling of some mechanisms which allowed large corporations to avoid paying the corporation tax at all. I think, though not sure, that this includes dismantling the double-irish arrangement where companies declared the majority of their income as expenses for licensing the product/brand etc from a parent company.
What is happening, rightly so, is the dismantling of some mechanisms which allowed large corporations to avoid paying the corporation tax at all. I think, though not sure, that this includes dismantling the double-irish arrangement where companies declared the majority of their income as expenses for licensing the product/brand etc from a parent company.
http://en.wikipedia.org/wiki/Double_Irish_arrangement