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Eh, no, if I buy an Italian suit in Macy's, Macy's has bought it from the manufacturer in Italy. They have imported the suit. They pay the Italian producer. The
by tdubhro1 10y ago
Eh, no, if I buy an Italian suit in Macy's, Macy's has bought it from the manufacturer in Italy. They have imported the suit. They pay the Italian producer. The Italian producer is taxed on their profit in Italy. Macy's is taxed in the US. One or other party may have to pay a tariff on the import. Why do you think the product has to move through a subsidiary domiciled in the local country? When did that become a requirement?
- AnAfrican 10y agoWhy do you think Apple set up a subsidiary in Ireland ?
- the_mitsuhiko 10y ago> Why do you think the product has to move through a subsidiary domiciled in the local country? When did that become a requirement? Apple is free to import the products from the US and to then pay import duty, sell it off to local merchants and then to pay american corporate tax on their earnings. Apple did not want to do that.