It is a similar mechanism, but there were major differences:
1. It was usable for small-medium companies, because the amount you avoided taxes on was 400k euro times number of people you involved in the scheme as board members.
2. It avoided taxation entirely and not just shifted tax burden to the country with lower rates.
3. It allowed the money to immediately return to the country where the profit originated in without any tax consequences. There is a reason why tech giants are sitting on a lot of cash.
1. It was usable for small-medium companies, because the amount you avoided taxes on was 400k euro times number of people you involved in the scheme as board members.
2. It avoided taxation entirely and not just shifted tax burden to the country with lower rates.
3. It allowed the money to immediately return to the country where the profit originated in without any tax consequences. There is a reason why tech giants are sitting on a lot of cash.