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Sorry, but you completely misunderstand the situation. This is not about moving profit to the US and the US is not the tax haven I'm talking about. Get your USA
by JanSt 9y ago
Sorry, but you completely misunderstand the situation. This is not about moving profit to the US and the US is not the tax haven I'm talking about. Get your USA out of your head and just accept that they don't pay the taxes they are obliged to pay in the EU by evading them.
- derriz 9y agoPutting "sorry" at the start of a comment accusing me of misunderstand the situation doesn't really help here. I've contradicted your claimed sequence of events and of course I googled before writing the post to confirm my memory of the timeline of the EC ruling and the ECJ involvement. There is no corporate tax evasion here and that is confirmed by reports like this one[1] which makes it clear that offshore Apple (and other US corporation) profits are clearly liable for US corporate tax. The fact that they can defer paying their US corporate tax is due to a quirk of the US tax system and nothing more. [1] https://seekingalpha.com/article/4150066-repatriation-make-2018-1-trillion-buyback-year https://seekingalpha.com/article/4150066-repatriation-make-2... The 3% is a proposed duty/tarif which has nothing to do with how Apple's profits are and were taxed. This is a tax on revenue/sales/imports not on company profits.