this post was submitted on 21 Nov 2023
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279
Big Tech generated billions in fines but didn't pay them (m.economictimes.com)
submitted 1 year ago by [email protected] to c/[email protected]
19 comments fedilink hide all child comments
 

Ireland's data regulator confirmed to AFP that Meta has not paid any of the ₹2 billion ($2.2 billion) in fines issued since last September. TikTok also owes hundreds of millions.

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[–] [email protected] 5 points 1 year ago (2 children)

Well, they can seize company property.

In places like Ireland, where it was notoriously used as a tax haven loophole, do many large multinationals using it for that purpose have any real company presence there? Genuine question.

[–] [email protected] 6 points 1 year ago

They usually have a decent office in Dublin but that's about it.

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago)

Apple has several thousand employees in Ireland. Ireland wanted to lure foreign investment by offering lower taxes and it worked. Ireland was happy. Apple was happy. Decades later, the EU decided it wasn’t happy.