>Plundering US companies? At least back that up with numbers. You mean they pay almost no taxes on their profits in the EU. They are plundering Europe!
How can that be defined as "plundering"? Even if these companies didn't pay a single cent in taxes, that would merely mean that the EU government didn't plunder them.
> How can that be defined as "plundering"? Even if these companies didn't pay a single cent in taxes, that would merely mean that the EU government didn't plunder them.
There's no need for the plunder rhetoric. They omitted to pay tax to EU states, and now they'll have to pay. You have to pay income tax as company here in the EU, including big multinationals. Actually, especially multinationals because those are selling the most. So our EU governments are also missing out the most on them.
The whole problem can be solved btw, if there's political willpower. It is fairy easy. If you have a McDs franchise in San Francisco, then you are selling your McNuggets in San Francisco at that franchise. There's a fellow swiping his card in San Francisco and receiving his goods in San Francisco. A clear case of selling your goods in San Francisco. This means that your transaction was in San Francisco, so you pay income tax there as well, ie. to California. There you go, done.
No more companies incorporated in silly states or countries like Delaware or Liechtenstein or Ireland or Cayman Islands.
It isn't happening because "everyone is doing it" but that is a bad excuse, a fallacy actually: Tu quoque [1]
Eg. the so called Double Dutch in the past https://en.wikipedia.org/wiki/Double_Irish_arrangement and now this.
By numbers: 15 million pound taxes on 19,5 billion pound revenue
https://www.theguardian.com/technology/2017/aug/10/amazon-uk...