Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I'll be interested in what Biden says on tax when he sorts out Delaware

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Sep 8th, 2021 at 06:47:48 PM EST
[ Parent ]
It doesn't look like he has any plans to do so in which case all this corporate tax reform plan talk is dead in the water. Why does the US not simply insist that any company doing business in the US must be tax resident there, and have a minimal Federal tax rate for all companies even those legally resident in Delaware?. The EU could do the same to eliminate tax shelters like Jersey or the Cayman's? Without that global capital will continue to migrate outside the EU.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Wed Sep 8th, 2021 at 07:10:39 PM EST
[ Parent ]
An interesting parallell development is the GDPR interpretations. I was on a webinar this spring listening to Max Schrems on how to interpret the Schrems II ruling. In the Schrems II ruling the ECJ struck down the deal between the EU and US as insufficient, leaving much of the IT-sector in EU in an unclear situation as to wheter US plattforms can be used at all.

One of the ways forward pointed out at the webinar is US companies forming EU daughter companies in an EU country that has strict rules against mother companies giving daughter companies direct orders to comply with US authorities. Absent a diplomatic deal between the EU and the US, this looks likely. If they have to split up the platform business for the different blocs, that should make them easier to tax.

by fjallstrom on Thu Sep 9th, 2021 at 08:49:42 AM EST
[ Parent ]
GDPR created a host of operational barriers to market dominance by US IPC operators (telecom customers) and owners (telecom carriers), because the EC continues to "resist" US supremacy in common law and law enforcement of putative "privacy" protection and taxation (sales, royalty transactions).

Schrems II

archive Jul 17th, 2020, 3/03/2021Mar 3rd, 2021

by Cat on Thu Sep 9th, 2021 at 05:39:17 PM EST
[ Parent ]
Then erryone--foreign and domestic-- move they/their/them (nominal) state of incorporation to Nevada or South Dakota in order to avoid (nominal) US corporate tax liability. Failing that, international "grey zones".

archived "jurisdiction of incorporation"

by Cat on Thu Sep 9th, 2021 at 04:00:33 PM EST
[ Parent ]


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