Based on the #rp17 talk in Berlin https://www.youtube.com/watch?v=qCNjCD7R75E we will update of the talk and provide an further overview why that matter is crucial for Europe. From Berlin, to Dublin to Thessaloniki. What combines this 3 locations with taxation?
We will a provide a quick overview of the international taxation system.
Explaining what a Double Irish Sandwich is. How come international corporations like Google only pay 2.4% taxes. And how your favorite tech companies (Google, Amazon, Apple, Microsoft, ... ) evaded billions in taxes. This tax-dodging costs the European Union more than $50 billion. Annually. We bring this numbers into perspective.
You might heard about #LuxLeaks, #PanamaPapers, or other frivilous tax activites. This talk gives a overview about one the most urgent policy issues - legal tax holes for big corporation. How big their "optimization" is, in relation to your own tax rate (across Europe) and why it should concern you. Because you pay for it. And why you should get active. We will present the launch of a European-wide anti-tax evasion campaign in 2017.
Ireland's decision to phase out the Double Irish tax loophole doesn't mean the country is giving up on tax competition, or that U.S. multinationals will now bring more of their foreign earnings home. The reason affected tech companies are so calm about it is that they know Ireland will do whatever it takes to keep them. And it's not just Ireland.
"Revelations of the extent of tax avoidance by multinationals based on exploitation of the arm’s length system prompted a rear-guard action by the OECD described as the base erosion and profit shifting (BEPS) programme but the programme deliberately avoids any principled re-examination of norms underlying the international tax regime or any consideration of a shift from residence to source-based taxation."
The effect of such tax optimizations opportunities on the European Union should not be underestimated. We will connect the 3 #rp17 locations Dublin (where the tax-minimization sandwich is co-created), to Berlin (which as the capital of the most influential country does what exaclty?)to Thessaloniki (what are the effects on Greece?)
Presentation will be done by Daniela Platsch, Economist derwandel.at, Vienna and Walter Palmetshofer, Economic Policy Team Open Knowledge Foundation okfn.de. Max Kasy, Associate Professor of Economics Harvard University might be joining via video.