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I’m only defending my statement that the double Irish arrangement doesn’t work for US sales, and that Apple (US) continues to pay corporate income taxes on the
by nodamage 11y ago
I’m only defending my statement that the double Irish arrangement doesn’t work for US sales, and that Apple (US) continues to pay corporate income taxes on the goods they sell to US customers.
That Apple uses various tax arrangements to wipe out profits from its international sales is not in question. However, these are sales made by Apple’s foreign subsidiaries to foreign customers. They weren’t moved offshore, they were offshore to begin with.
- gozur88 11y agoExcept that isn't actually true. Irish subsidiary revenues include payments from the parent that subtract from recognized US profits of sales made in the US. They're moving profits from US sales to Ireland.
- nodamage 11y agoAgain, please cite a source for this. Nothing I've read, including the above memo, indicates that sales of Apple products to US customers get transferred to Ireland. The memo specifically indicates that Apple Inc. retains the marketing and distribution rights in the US, whereas ASI gets the distribution rights for the rest of the world. I can see how Apple (Italy) and Apple (Germany) end up transferring their profits over to Apple (Ireland). I don't see any mechanism for how this could apply to Apple (US).
- gozur88 11y agoNever mind - you guys are right. I got them confused with another company.
- zepto 11y agoNo they aren't - this is a false claim which is not substantiated by any of the citations.
- gozur88 11y agoNever mind - you guys are right. I got them confused with another company.