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Yes I am aware that profits are taxed and not revenue. Parent mentioned reduction of costs as a compelling reason of locating in Ireland, as well as low taxes.
by alphadevx 10y ago
Yes I am aware that profits are taxed and not revenue. Parent mentioned reduction of costs as a compelling reason of locating in Ireland, as well as low taxes. Corporations are legally obligated to maximize profit for share holders.
- pjc50 10y agoWell .. firstly, that's an over-reaching reading of Ford v. Dodge, and secondly, the specific company that's located in Ireland (Apple Sales International) doesn't actually have any costs if I've understood correctly - it's a shell with no premises and no employees. (In a corporate structure, which company do you think is legally obligated to maximise profit? The one at the top of the pyramid, or every individual registered company?)