3 ms·
For the US to start taxing Apple's foreign income abroad is not like taxing an American living in Ireland (and even that is crazy). It's like if the US started
by namelost 9y ago
For the US to start taxing Apple's foreign income abroad is not like taxing an American living in Ireland (and even that is crazy). It's like if the US started taxing an Irish person in Ireland[1].
However obvious it is that EU Apple is a sock puppet of US Apple, directly imposing taxes on foreign companies operating in foreign countries would be met with retaliation. It is not a smart nor a profitable trade policy.
[1] This actually does happen: https://en.wikipedia.org/wiki/Accidental_American https://en.wikipedia.org/wiki/Accidental_American
- enraged_camel 9y ago>>For the US to start taxing Apple's foreign income abroad is not like taxing an American living in Ireland (and even that is crazy). It's like if the US started taxing an Irish person in Ireland[1]. I'm not sure I follow. Apple is an American company.
- rconti 9y agoIt would be more akin to the US taxing a dual American/Irish citizen living abroad. Which they do. You cannot just pretend not to be a US citizen when convenient. Of course, typically you aren't taxed on the first $100k of income abroad, but likely businesses have similar carve-outs...
- loopbit 9y agoNo, Apple US is a shareholder of Apple EU. The US can tax Apple US for whatever income they get from Apple EU, but they can't tax Apple EU