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The EU would be fine with Apple moving its money to the US and paying their fair share of taxes there. But you can't tell the US that profits are generated in
by skrause 10y ago
The EU would be fine with Apple moving its money to the US and paying their fair share of taxes there.
But you can't tell the US that profits are generated in Ireland while agreeing with Ireland that profits are generated in the US, just so you end up paying taxes nowhere.
- sangnoir 10y ago> The EU would be fine with Apple moving its money to the US and paying their fair share of taxes there. Why would it be fine with this? Taxes are paid where the revenue is generated. If money were to be repatriated without tax to HQ's resident country, then all companies would be registered in tax havens and pay no tax. Apple is trying to play off the EU against the US - they ought to pay the due taxes in both jurisdictions.
- pawadu 10y ago> Why would it be fine with this? Why not? Apple doesn't produce any tax income for them, Apple has zero R&D in EU, and Apple not selling to EU consumers would only benefit the local companies like BQ, Sony and Alcatel.
- quonn 10y agoThey don't create jobs, so they should not be taxed? What a surprising statement! It's possible to make a point that a company that creates jobs should not be taxed (although I think that's wrong, too).
- pawadu 10y agoI am talking about short term effects, and not claiming this is a very sane argument. But you should understand that Apple was given a competitive edge against other companies that did pay their EU taxes. If Apple decided to leave the EU market tomorrow, it would in short term result in economical gain for the EU members since people would by buy the same amount of phones/tablets/laptops but now from companies that (hopefully) pay their corporate taxes.