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Re: <nettime> BEPS Blues
walter palmetshofer on Wed, 13 Jul 2016 09:04:29 +0200 (CEST)

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Re: <nettime> BEPS Blues

> BEPS stands for 'Base Erosion and Profit Shifting'

BEPS that ...

Goodbye Double Irish, Hello Knowledge Box
after the announcement they will close down the "Double Irish loop" 
within 6 years ... a timely replacement

‘Double Irish With a Dutch Sandwich’ explained

Google accounts show 11 billion euros moved via low tax 'Dutch sandwich' 
in 2014

Google 2.4% Rate Shows How $60 Billion Is Lost to Tax Loopholes

7 Corporate Giants Accused of Evading Billions in Taxes
corporate tax-dodging costs the EU between $54.5 billion and $76.4 
billion a year

"Revelations of the extent of tax avoidance by multinationals based
on exploitation of the arm’s length system prompted a rear-guard
action by the OECD described as the base erosion and profit shifting
(BEPS) programme but the programme deliberately avoids any principled
re-examination of norms underlying the international tax regime or any
consideration of a shift from residence to source-based taxation."

The Troubling Role of Tax Treaties, by Kim Brooks (Dalhousie Dalhousie 
University – Schulich School of Law; Monash University – Faculty of Law; 
and Richard Krever, Monash University – Department of Business Law & 
Taxation, July 1, 2015.

and then my favourite: The Stachanow of Capitalism
the only employee (a mere 55.000 Euro annual salary) of ExxonMobil 
Spain: 9.9 billion Euro in net profits in 2 years


Google chairman Eric Schmidt is reportedly “very proud” of this. “It’s 
called capitalism,” he said last year.

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