3 ms·
If Apple is forced to pay a big chunk of tax in the EU, why wouldn't they spin off their EU sales operations as a completely separate independent company? Appl
by MarkMc 9y ago
If Apple is forced to pay a big chunk of tax in the EU, why wouldn't they spin off their EU sales operations as a completely separate independent company? Apple US (or Apple Cayman Islands) could then sell iPhones to Apple EU and demand a wholesale price very close to the retail price. Apple EU would therefore make very little profit and pay very little EU tax.
- tomcorrigan 9y agoThat's called transfer pricing and is essentially illegal in almost every jurisdiction. There are of course plenty of loopholes and ways around it and large companies such as Apple spend a fortune with the big 4 accounting firms to take advantage of every such loophole.
- MarkMc 9y agoWould transfer pricing still be an issue if Apple EU was a completely separate company?