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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
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