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Of course it's a scam.  Every tax code on the planet is chock full of them, including Germany's and France's.  As for brass doorplate corporations taking advantage of local tax loopholes, if that's illegal, then Luxemburg and the UK (including Scotland) are toast.  Enforcement actions against such tax practices will turn the slow motion implosion that is the EU into a short fuse explosion.
by rifek on Thu Sep 1st, 2016 at 02:51:01 PM EST
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Enforcement actions against such tax practices will turn the slow motion implosion that is the EU into a short fuse explosion.

I am doubtful that anything definitive would happen within six months and Stiglitz along with others have already estimated that a financial collapse in the EU is likely within six months. And EU Commissioner Margrethe Vestager was very clear that they were proceeding one company/one agreement at a time due to the nature of the laws involved.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Sep 1st, 2016 at 07:04:54 PM EST
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I'm just saying that, if she proceeds with ANY investigation based on the opinion that using empty shells for tax avoidance purposes is a violation of EU treaties, she will create a stampede.
by rifek on Thu Sep 1st, 2016 at 11:29:24 PM EST
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