So which are the benefits for PayPal if we open a subsidiary in Luxembourg?
The government offers huge support for businesses
Business income tax within the city-state is barely 6.75%
Not to mention by making it our HQ for the EU, all transactions done by users in the region will be taxed only in Luxembourg. This allows us to charge a lower amount for transactions, making prices more competitive.
...and intellectual property laws would protect our software for e-banking from being copied, even despite net neutrality!
Some months later in Luxembourg city...
They offer subsidies + professional training too?!?!?!