nightcraw1er.488: Sorry, the title is misleading, I took it straight from the beeb article:
https://www.bbc.co.uk/news/world-57368247
So it looks like governments have finally decided to try to enforce any for of taxation on the big tech firms.
I know, the likes of google and apple and M$ and Amazon and FB are likely mobilising their legal teams and money hiding experts already.
15% in total, I doubt over the last 10 years combined all the big tech put together and multiplied by 15 have provided 15% tax. I just can’t believe the naivety in thinking they will see anything, probably less than before, and us as consumers will see higher costs or more damaging user agreements.

nightcraw1er.488: the likes of google and apple and M$ and Amazon and FB

TheBigCore: These companies will just move all their financial assets to tax shelters outside the USA and Europe, like the Cayman Islands, Turks & Cacos.

TheBigCore: These companies will just move all their financial assets to tax shelters outside the USA and Europe, like the Cayman Islands, Turks & Cacos, or the UAE.

Sachys: they already have in most cases. that is entirely what this hits upon.n.

TheBigCore: They'll just find a way around that, too.

Sachys: You did actually read my post, didn't you?

timppu: Interesting to see whether and how this will affect... anything.

I am not condemning companies, including big companies, trying to minimize the taxes they pay. (Similarly I am not condemning countries trying to maximize the taxes they can gather from companies, that is logical as well.)

After all, we all usually try to cut our expenses, getting as many tax deductions as we can, buying our goods from where we can get them cheapest (with the lowest taxes) etc.

People who live at the eastern border of Finland, tend to go buy cheaper gasoline from Russia, thus evading the very high gasoline tax in Finland.

People living in southern Finland tend to go buy beer and other alcohol in Estonia and bring it to Finland, in order to avoid the high Finnish alcohol tax.

In Finland people can get tax deduction for having to use their own car for trips between home and work (e.g. if there is no good public transportation, or the trip would take more than 3 hours with public transportation, then you are eligible for tax deductions for using your own car for work trips), and I am pretty sure most will claim they have had to drive to work 5 days a week also during the COVID times, even though in reality they may have worked from home most of the time, as the taxman can't reliably check which days the people have been in the office and which not.

So yeah, we "all" do it, so why wouldn't the companies do it?

nightcraw1er.488: If they want to continue that, then they should be called a charity not a business.