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by jdietrich
536 days ago
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>Is it public knowledge how much FAANG companies pay? The highest tier of fee is £2,900 per year, but you're looking at the wrong regulator - major tech companies invariably use Ireland or Luxembourg as their European headquarters, so most or all of their data processing activities (and subsequent investigation or enforcement) would take place under that jurisdiction. |
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Doesn't the Ireland trick (mainly for tax evasion) only work for the EU market? I'd assume after Brexit the UK would require local presence?