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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
https://www.bloomberg.com/view/articles/2014-10-15/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
http://www.nytimes.com/interactive/2012/04/28/business/Double-Irish-With-A-Dutch-Sandwich.html

Google accounts show 11 billion euros moved via low tax 'Dutch sandwich' 
in 2014
http://www.reuters.com/article/us-google-tax-idUSKCN0VS1GP

Google 2.4% Rate Shows How $60 Billion Is Lost to Tax Loopholes
http://www.bloomberg.com/news/articles/2010-10-21/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes

7 Corporate Giants Accused of Evading Billions in Taxes
http://fortune.com/2016/03/11/apple-google-taxes-eu/
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.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2639064

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

http://elpais.com/elpais/2011/02/27/inenglish/1298787648_850210.html
http://www.ft.com/cms/s/0/a3838c38-2398-11e3-98a1-00144feab7de.html#axzz4ED7ox8Xl

Google chairman Eric Schmidt is reportedly “very proud” of this. “It’s 
called capitalism,” he said last year.
https://hbr.org/2013/03/taxpayers-helped-apple-but-app



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