Valuy@lemmy.zip to BuyFromEU@feddit.orgEnglish · edit-21 month agoTrump says any European country that tries to tax Microsoft, Adobe, Meta, Amazon or Google will be punished immediatelywww.nytimes.comexternal-linkmessage-square27linkfedilinkarrow-up1222
arrow-up1222external-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 month agomessage-square27linkfedilink
minus-squarelittletoolshed@lemmy.worldlinkfedilinkEnglisharrow-up12·1 month agoAren’t all of those corporations already operating and being taxed in Europe?
minus-squareGenosseFlosse@feddit.orglinkfedilinkEnglisharrow-up21·1 month 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-up19·1 month 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-up7·1 month 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-up5·1 month 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/