EU lost up to €5.4B in tax revenues from Google, Facebook: report
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Re: EU lost up to €5.4B in tax revenues from Google, Facebook: report
#2I wonder how much tax revenue the EU would have lost if Google and Facebook didn't exist.
Re: EU lost up to €5.4B in tax revenues from Google, Facebook: report
#3I wonder how much tax revenue the EU would have lost if Google and Facebook didn't exist.
That is a very good point. They should be grateful for these multi-nationalistic monopolies. /s
Re: EU lost up to €5.4B in tax revenues from Google, Facebook: report
#4I wonder how much tax revenue the EU would have lost if Google and Facebook didn't exist.
This isn't the point here though? These companies are doing business in the EU and not playing fair by not paying their share of taxes. This isn't about preventing them from existing, it's about making them contribute what they owe to the EU countries.
Re: EU lost up to €5.4B in tax revenues from Google, Facebook: report
#5What gives the EU the right to think they can tax our networks?
Do they not realise that trying to do so will just drive all digital revenue to places that don't?
Re: EU lost up to €5.4B in tax revenues from Google, Facebook: report
#6This resulted in estimated revenue losses for EU states, other than Ireland, of between 51 and 54 billion euros between 2013 and 2015
Typo in the headline? Seems to be off by a factor of 10.
Re: EU lost up to €5.4B in tax revenues from Google, Facebook: report
#7I wonder how much tax revenue the EU would have lost if Google and Facebook didn't exist.
That is a very good point. They should be grateful for these multi-nationalistic monopolies. /s
Just stating how much taxes are being "avoided" is an imperfect perspective. If, say, it turned out they contributed $100B to the economy, then that $5B wouldn't look that big in that context.
Re: EU lost up to €5.4B in tax revenues from Google, Facebook: report
#8What gives the EU the right to think they can tax our networks? Do they not realise that trying to do so will just drive all digital revenue to places that don't?
There's no such thing as "digital revenue" - all this money comes from the real economy.
Re: EU lost up to €5.4B in tax revenues from Google, Facebook: report
#9Is the EU tax based on revenue instead of profit?
Or is basing it on revenue in this instance just supposed to make the "percentage paid" smaller to make FB and Google look worse?
Re: EU lost up to €5.4B in tax revenues from Google, Facebook: report
#10This resulted in estimated revenue losses for EU states, other than Ireland, of between 51 and 54 billion euros between 2013 and 2015 Typo in the headline? Seems to be off by a factor of 10.
The rate approximates 10% so maybe thats the taxable amount vs the payed taxed amount in headline.