[ringtail]

Are you saying Singapore Co cannot receive payments from French consumers unless they pay corporate income tax to French Govt ?

In other words, you are saying EU can deny its citizens right to buy foreign products ?

[Oletros]

No, I'm asking how many multinational have left a big market (one of the biggest in the world) just for taxation.

[ringtail]

But what do you mean by "leaving a market" ? MNCs have been doing restructring for decades for reasons ranging from regulations to taxes.

If Google do leave EU, all it will do is legal maneuvering. Nothing will change for EU consumers. They can still do Google searches and buy ads. Profit will stay the same.

[Oletros]

> But what do you mean by "leaving a market"

Pulling off any presence in that market, offices, stores, etc.

> If Google do leave EU, all it will do is legal maneuvering. Nothing will change for EU consumers. They can still do Google searches and buy ads. Profit will stay the same.

No, because there is all of the burden of a company from outside the EU doing business with EU companies. And not talking about the restriction on data protection.

And don't talk about companies like Amazon or Apple with physical goods

[ringtail]

Benefit of Sales/Stores are insignificant compared to proposed tax liability. All these can/will be outsourced the moment it becomes reality.

How would EU calculate profit share between US R&D and Ireland R&D ? Even if EU do tax R&D, exodus of talent will be just 2x salary increase away.

[Oletros]

> Benefit of Sales/Stores are insignificant compared to proposed tax liability.

You're joking, isn't?

[dangsmum]

biggest ones that immediately springs to mind is C&A and pfiser in the UK. the UK and US auto industries in general, manufacturing in general.

Google left the US.

So did Apple.

In fact, are there any multinationals left in high tax countries?

[Oletros]

What are you talking about?

When the heck did Apple and Google left USA?

> In fact, are there any multinationals left in high tax countries?

I think you're confusing where the headquarters are located with presence in a market

[dangsmum]

google is just finishing its restructuring to xxvi holdings, apple has had all its cash outside of the us for quite some time.

[Oletros]

I repeat, you're confusing headquarters with presence.

If yu're seriously saying that Apple or Goole have left USA and the EU you're really don't know what we're talking about

[dangsmum]

i think you are confusing appearence with physical existance. much like the eu that thinks they can apply their laws and taxes to a world where reincarnation is a "real" thing available at a few clicks of a keyboard.

and servers are now homed deep under the sea.

[lovich]

Countries restrict their citizens from buying foreign products all the time? The US did it to Cuba as an entire economy

[ringtail]

National Security is different matter. Even that can only be done to few countries. Can US or any other country do it whole world ? I highly doubt it.

[lovich]

I mean, it would hurt them a lot, but it's entirely possible