The German comedy show “Die Anstalt” (~the mental institution) produced an epic sketch last week, for those of you who can speak German watch here
For all others let me shortly explain. Based on the #Icebucketchallenge this summer, they guys of the Anstalt are now challenging us to highlight the Double Irish Dutch Sandwich tax loophole. They are calling it the #starbucketchallenge.
What’s this funny sounding Double Irish Dutch Sandwich tax loophole?
In short, corporations like Starbucks, Amazon, Apple, Facebook, Google, Microsoft, and many more pay sometimes as little as 1% income tax, because they are moving their revenue around several holdings across various countries and tax havens.
Also read on here on Google only paying 2,4% corporation tax or also here.
This affects you. We are talking about a loss of more than $60 billion in tax revenue a year. Sixty billion US dollars each year – about one-quarter of all revenue from the corporate income tax.
We challenge you to challenge the new EU Commission led by Jean-Claude Juncker to close that tax loophole.
It is as simple as that: we can’t wait another 6 years to get that fixed!