And leave one of the biggest markets in the world? Why would they?
I'm a strong believer in freedom, to include freedom from unnecessary taxation. If G/F "leaves" EU, I meant it by closing physical locations and the farce they have to put up with for taxes, they could still serve citizens from EU.
Id love to see the story unfold if G/F said "we are American companies only going to pay US taxes" and they quickly closed offices in EU. Do you think EU would create a firewall removing citizens from Facebook/instagram/Gmail/Google search etc ?
Seems to me that in this crazy scenario the EU crooked politicians are left making threats they can't really follow through. They all probably use gmail and how easy is it exactly to start a new on an email account ? How about all your contacts and pictures on FB?
Seems to me that in this world F/G would operate just the same and EU politicians would walk away crying saying "you can't do that it's not fair "
Also, if you believe in freedom, why don't you believe that countries have the freedom to stop these massive corporations from extracting wealth from their society and returning nothing? Why does only the corporations freedom matter?
So if you substantially lowered or entirely removed corporate taxes they would bring that money back to the US and spend it in R&D or capital investments, or return it in large forms to shareholders via dividends!
What oh what, do people usually do when they get sudden influxes of cash? They spend it or re invest it! They don't just bury it or burn the cash for warmth like Pablo Escobar. That seems like a better end goal than having the cash idly sitting abroad or being spent by crooked politicians who by virtue of being in office propose to be holier than thou and always manage to spend money not earned by themselves
Take for instance the case of using what's app as a little store where people can offer services/goods. My mother in law dedicates her account on what's app to sell hand knitted baby clothes, and it provides her with reliable communication to clients.
Such applications are a NET BENEFIT to everyone involved and it's clear why What's App was given such a high price tag!
If I might ask what/where you are from that you think this way? I can tell you from personal experience and fundamental Adam Smith basic economics that these companies offer vastly more benefits to consumers and society as a whole than what little money can be taxed from them.
Also note, that Latin American countries and 99% of other countries don't propose to tax the tech companies and they still have vast benefits.
Yes they provide a benefit, but you're bringing up Adam Smith like this is a situation with perfect competition. I might be on the wrong side of this and they are providing a benefit big enough thay the EU would get less net benefit from a local company, but can you admit that there could ever be a case where a company was acting in a way that was detrimental?