On the plus side: this is going to suck bad for Ireland, and frankly they have it coming.
So it is effectively decided then, even if probably a lot of politicians still need to wake up to it, the next move is the EU taxing payments directly when they cross EU borders, contradicting half the reason the EU exists in the first place, and probably in a system that'll make EU VAT look simple. It's going to be a disaster, but not easy to exploit ... It'll take the power to tax further away from the EU and even further into the countries' own tax departments, but of course that's exactly what's needed to stop this.
And the years it'll take to do that will mean multinationals get a few more years of minimally taxed profits.
It seems like the choice is to allow the U.S to upend some fundamental aspects of international cooperation or to pay dues to the Don.
It turns out you can get some pretty big concessions if you're willing to give up your integrity in exchange.
For example you can check Amazon effective tax rate here
https://csimarket.com/stocks/singleProfitabilityRatiosy.php?...
...or "Jeff Bezos did not get rich by paying taxes"
Citation needed, corporate taxes have been going down for decades.
> companies or people to leave.
"We can't ever tax anyone because else they would just leave; ergo nothing can or should be done about rampant inequality" is not only false, it is extremely dangerous and accelerates the fall of our democracies.
Has there been any serious research in this area that supports that conclusion. My impression, which is completely uninformed I admit, is that we often talk about companies leaving due to high tax burdens, but that it rarely happens. It's a politically signal, more than a factual systemic driver.
Sure, a bunch of companies have relocated to tax havens, but we're not going to solve that by regressing to a 2% universal tax rate.
The top priority still appears to be "please daddy".
To pull this shit in times of a rapidly rising China and a remilitarizing EU is to accelerate the shift to multipolarism and giving up global superpower status.
> With just 13 days until the Trump-imposed deadline to conclude a EU-U.S. deal, European Commission President Ursula von der Leyen decided the time for conventional negotiating tactics was over.
> She floated the idea that the EU’s 27 countries could join forces with 12 members of the Asian-led Comprehensive and Progressive Agreement for Trans-Pacific Partnership bloc (CPTPP) — which now includes the U.K. — to form a new world trade initiative.
> The new grouping would redesign a rules-based global trading order, reforming or perhaps even replacing the now largely defunct World Trade Organization, she said.
> Crucially, the U.S. would not automatically be invited.
https://www.politico.eu/article/eu-leaders-donald-trump-us-t...
The US is locking itself out of world trade with their behavior. The price to pay for actions like these will far outweigh any benefits.
I chuckled at first, but as a beneficiary of Pax Americana, this is a really sad state of affairs. However, I am really pro-EU, and I hope that we are up to the task coming forth.
I support this 100%, and have said nearly these exact words in the past. However, the concept of Pax __ applies to the entire "world." Even the USA's supposed enemies benefited from the rules based global order, a lot of the time. If Pax Europa is to be a thing, it needs to have effects beyond Europe's borders. The democratic European way, surviving and thriving, is the last hope for a bright near-term future for all of humanity. I truly believe this.
note: I edited my gp comment prior to seeing your response.
We can aim for the same regional scope again. I don't think all conflicts around the world should be our business.
I need to set my profile's delay number higher to allow for more comment editing time.
Conflicts in Asia shouldn't be our problem, as an example. We should stop the US from dragging us into quagmires in the Middle East, etc etc.
What matters is that we have peace at home and the strength to preserve it. The rest shouldn't be up to us.
What happens when imperialism spreads near our borders, but not yet across them? Do we wait until the final moment to mobilize? That seems like horrible planning.
In the period between WW II and Iraq II, the USA used soft and military power to keep basic world order (country borders) and commerce running. It was the enforcer of the post-war Rules Based Order.
This was a good thing, that I believe we all took for granted. Even the USA has now taken that for granted. That historical period is now officially over.
What/who will fill that void of global stability?
France? That's not "we." The EU countries who really need a nuclear deterrent: Lithuania, Estonia, and Latvia do not have any MAD.
If the EU is invaded in those countries with traditional weapons, what will be our response? Certainly not MAD.
I've felt some of the same. I believe what I'm actually attached to (both emotionally and financially) is the stability of the old system. As you say in a later comment, the value of the American hegemony has been in the fixed but flexible rules and the absence of any direct power politics. The market based economy and "American philosophy" has been secondary.
It's easy to forget that we used to have small skirmishes with neighboring countries constantly. My country (Denmark) had a war with Sweden every 40 years up into the 19th century.
We have to remember that a new system, possibly without America at the helm, cannot be one of power politics. We cannot let the paranoia of Trumps America dictate our politics.
See Musk's comments [0] and very obious regarding German politics, the CPAC gathering in Hungary, the ownership of euronews.com, the recent creation of r/europe_sub... We need to stop being passive about all of this, or democracy will become a historical note, and not something that we all enjoy on a day-to-day basis.
We have all taken democracy for granted, like breathable air. We can no longer do that.
edit:
[0] I am sorry if it makes anyone comfortable, but the richest man in the world clearly gave 2 nazi salutes live to the world, with far too few repercussions. This is the reality which we need understand, and fight vigorously.
I happen to believe that the success we've seen has been, in large part at least, due to being able to take democracy for granted. We haven't had to fight for basic rights or the privilege of survival, so we've been able to fight much more ideological fights. We have rightfully had the assumption that even as we all fight bitterly over politics, you won't send your navy to attack my ports. We were safe in our disagreements being intellectual.
I fear that while defending our stable democratic institutions we end up supplanting those very same institutions with the enemy. You cannot fight lawlessness with lawlessness, you must chose to be soft and level headed, even it feels most hobbling. Else we risk becoming Trump in the name of warding him off.
Might we both be touching on/dancing around the concept of the "paradox of tolerance?" [0]
As a practical example, one of the most European things in modern history was this beheading of the monarch live music video [1], which was broadcast to the world as part of the Olympic opening ceremonies in Paris. I remember seeing how uncomfortable it made the broadcasters in various countries. It was glorious. Revolution can happen, and this was a reminder.
We should never shy away from discussion of our history. I am not a huge metal fan, but this tiny part of the opening ceremonies event makes me very emotional and proud to my deepest core. I still cannot believe it happened. We should be reminding everyone of the French revolution, its non-ideal near term outcomes, and other uncomfortable European history very regularly. As you stated in your original reply, it is easy to forget how we got here.
I am with you my friend! In the interest of open discussion and understanding, I made this separate comment to ask you, or anyone, to please share what your concerns were here. If you don't mind, could you please give an example of how you see it possibly going wrong?
See recent article "The Heritage Foundation, MAGA's missionaries, sets its sights on Europe":
* https://www.lemonde.fr/en/m-le-mag/article/2025/06/22/the-he...
MAGA got a lot of inspiration from Orban and Hungary:
* "Make America Hungary Again":* https://www.theatlantic.com/international/archive/2024/07/wh...
* "Why Conservatives Around the World Have Hungary's Orbán": https://www.newyorker.com/news/q-and-a/why-conservatives-aro...
brikym•5h ago