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by pdkl95 2983 days ago
According to Reuters[1], "Facebook said the latest change does not have tax implications." If they are still paying taxes through Ireland for the profit they make off those 1.5b users, they seem to be choosing to EU jurisdiction (which would include the GDPR) regardless of any contract of adhesion they forced users "agree" to.

[1] https://www.reuters.com/article/us-facebook-privacy-eu-exclu...

1 comments

Facebook could have made a startegic decision to permanently repatriate profits based on US tax law changes before making the GDPR decision, which would make the GDPR decision tax-consequence free.