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None of the profits from selling things in the US goes on the Irish books. Only profits from selling things outside the US. This is done because the US (almost
by harryh 11y ago
None of the profits from selling things in the US goes on the Irish books. Only profits from selling things outside the US. This is done because the US (almost uniquely so) taxes worldwide earnings for companies based in the US.
- dangrossman 11y agoWhat about all the other countries that they have property, employees and sales in? It's a loophole if it lets them pay nothing to any of those nations, despite being as much a corporate citizen of those nations as whatever office is next door to theirs.
- harryh 11y agoIt's not a loophole that lets them pay nothing to any of those nations. Apple pays taxes in every country it operates in.