3 ms·
So basically Google inc (in a tax haven) makes Google Spain pay for the use of the Google brand 8 billions. Google Spain never makes a profit since it needs to
by spriggan3 10y ago
So basically Google inc (in a tax haven) makes Google Spain pay for the use of the Google brand 8 billions. Google Spain never makes a profit since it needs to pay a fee for using the brand, thus never have to pay taxes on their huge profit, that's how they get away with it. Apple does it too, with Apple Ireland in Europe.
Then Google US and Apple US just have to wait for a tax amnesty in the US in order to bring back oversea un-taxed profits.
- relearn 10y ago>So basically Google inc (in a tax haven) makes Google Spain pay for the use of the Google brand 8 billions. Google Spain never makes a profit since it needs to pay a fee for using the brand, thus never have to pay taxes on their huge profit, that's how they get away with it. I've seen you post this several times. Do you have a source that I could read up on this?
- leonhandreke 10y agoIt's a bit more complicated than that, but yes, it seems that that's how it works: https://en.wikipedia.org/wiki/Double_Irish_arrangement https://en.wikipedia.org/wiki/Double_Irish_arrangement
- redorb 10y agoThey most likely would be less taxed than un-taxed. My old boss used to say 'if you went looking and paid every tax you found that you might owe no one would be in business'. Of course there should be some middle ground.