I'm not on Italy's side but I can't say I respect @eastdakota's rhetoric...
> "The crazy stat is that Europe makes more from fining US tech companies than they do from taxing their own technology companies."
That's one way of saying it. Another way is that US companies are so extravagantly huge and violate EU laws so much that the fines are correspondingly huge.
> That's one way of saying it. Another way is that US companies are so extravagantly huge and violate EU laws so much that the fines are correspondingly huge.
Another way of saying it is that because of transfer pricing, basically nobody knows what money was made where (and the notion of profits per country in a world of multinationals with no capital controls is meaningless).
AceJohnny2|1 month ago
> "The crazy stat is that Europe makes more from fining US tech companies than they do from taxing their own technology companies."
That's one way of saying it. Another way is that US companies are so extravagantly huge and violate EU laws so much that the fines are correspondingly huge.
disgruntledphd2|1 month ago
Another way of saying it is that because of transfer pricing, basically nobody knows what money was made where (and the notion of profits per country in a world of multinationals with no capital controls is meaningless).