Valuy@lemmy.zip to BuyFromEU@feddit.orgEnglish · edit-21 day agoTrump says any European country that tries to tax Microsoft, Adobe, Meta, Amazon or Google will be punished immediatelywww.nytimes.comexternal-linkmessage-square27fedilinkarrow-up1213arrow-down14
arrow-up1209arrow-down1external-linkTrump says any European country that tries to tax Microsoft, Adobe, Meta, Amazon or Google will be punished immediatelywww.nytimes.comValuy@lemmy.zip to BuyFromEU@feddit.orgEnglish · edit-21 day agomessage-square27fedilink
minus-squarelittletoolshed@lemmy.worldlinkfedilinkEnglisharrow-up12arrow-down1·1 day agoAren’t all of those corporations already operating and being taxed in Europe?
minus-squareGenosseFlosse@feddit.orglinkfedilinkEnglisharrow-up19·1 day agoAs far as I know there is some tax loophole, that’s why the tech giants are all registered in Ireland for their EU headquarters.
minus-squarekieron115@startrek.websitelinkfedilinkEnglisharrow-up4·15 hours agoIt’s called the Double Irish, sometimes with a Dutch Sandwich. https://conversableeconomist.com/2024/09/12/the-double-irish-dutch-sandwich-end-of-a-tax-evasion-strategy/
minus-squareEvil_Incarnate@sopuli.xyzlinkfedilinkEnglisharrow-up17·24 hours agoSell MacBook for €2000 in France, pay royalties to apple Ireland of €2000. Apple France has no profit, apple Ireland has little tax.
minus-squareboonhet@sopuli.xyzlinkfedilinkEnglisharrow-up5·16 hours agoThere’s no need for an Apple France in this scheme. Apple isn’t selling physical goods in most European countries, Apple partners are. The Ireland entity is there for the digital services revenue mostly
Aren’t all of those corporations already operating and being taxed in Europe?
As far as I know there is some tax loophole, that’s why the tech giants are all registered in Ireland for their EU headquarters.
It’s called the Double Irish, sometimes with a Dutch Sandwich.
https://conversableeconomist.com/2024/09/12/the-double-irish-dutch-sandwich-end-of-a-tax-evasion-strategy/
Sell MacBook for €2000 in France, pay royalties to apple Ireland of €2000. Apple France has no profit, apple Ireland has little tax.
There’s no need for an Apple France in this scheme.
Apple isn’t selling physical goods in most European countries, Apple partners are. The Ireland entity is there for the digital services revenue mostly