Valuy@lemmy.zip to BuyFromEU@feddit.orgEnglish · edit-28 days agoTrump says any European country that tries to tax Microsoft, Adobe, Meta, Amazon or Google will be punished immediatelywww.nytimes.comexternal-linkmessage-square28fedilinkarrow-up1212
arrow-up1212external-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-28 days agomessage-square28fedilink
minus-squarelittletoolshed@lemmy.worldlinkfedilinkEnglisharrow-up12·8 days agoAren’t all of those corporations already operating and being taxed in Europe?
minus-squareGenosseFlosse@feddit.orglinkfedilinkEnglisharrow-up20·8 days 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-squareEvil_Incarnate@sopuli.xyzlinkfedilinkEnglisharrow-up19·8 days 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-up7·7 days 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
minus-squarekieron115@startrek.websitelinkfedilinkEnglisharrow-up5·7 days 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/
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.
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
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/