Cempaka Belanda: Amsterdam and Dublin tax havens for Facebook

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“2011 and Beyond” - What you are seeing, and why - Jan 16, 2011 (Kryon channelled by Lee Carroll) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

Saturday, February 18, 2012

Amsterdam and Dublin tax havens for Facebook

RNW, 17 February 2012

Social media leader Facebook has set up a complex structure of foreign subsidiaries, stretching from Amsterdam and Ireland to the Cayman Islands in the Caribbean in order to avoid paying millions in tax to the US.

Dutch freesheet De Pers reports on Friday that Facebook’s Amsterdam office bears all the hallmarks of an unused space – no one actually works there, the paper claims.

In its attempt to slash its tax burden, Facebook is apparently using a permissible accounting known as transfer pricing, where multi-national companies channel profits to low-tax jurisdictions while incurring costs where taxes are high.

Low tax rates

The Netherlands and Ireland afford favourable climates for this kind of practice. The Netherlands has signed numerous global treaties which legitimise the flow of interest, royalty and dividend funds into the country for a low or even negligible tax rate. Through a tax treaty with the US, the money can then be transferred to the US.

Ireland, with a current 12.5 per cent corporation tax rate, is attractive for companies with overseas intellectual property income. Most of Facebook's revenue generated through advertising companies across Europe is paid to the Dublin office. In this way, Facebook minimises its tax bills in its big overseas markets such as Britain.

Mark Zuckerberg, who founded the site in Harvard eight years ago, claims making money was never his primary objective. Facebook is preparing for its stock market debut with a value as high as 100 billion US dollars being estimated.

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