Valuy@lemmy.zip to BuyFromEU@feddit.orgEnglish · edit-215 hours agoTrump says any European country that tries to tax Microsoft, Adobe, Meta, Amazon or Google will be punished immediatelywww.nytimes.comexternal-linkmessage-square27fedilinkarrow-up1191arrow-down14
arrow-up1187arrow-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-215 hours agomessage-square27fedilink
minus-squareGenosseFlosse@feddit.orglinkfedilinkEnglisharrow-up17·14 hours 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-up3·4 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-up15·13 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-up4·5 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
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