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Keep in mind that US companies are selling things in Europe. They're not making them. The cost to create those things are borne somewhere else - so it definitel
by sbacic 8y ago
Keep in mind that US companies are selling things in Europe. They're not making them. The cost to create those things are borne somewhere else - so it definitely makes sense to shift profits - otherwise you'd end up in a situation where all those expenses aren't really tax exempt.
- Hamuko 8y agoApple designs its products in the United States, manufacturers them in China and them hides its money in Ireland to avoid paying taxes. Shouldn't they be paying those taxes in China or the US?
- purple_ducks 8y ago> Shouldn't they be paying those taxes in China or the US? Well for one, Apple contracts out the manufacturing of the products to multiple Chinese companies so I fail to see what taxes on profits they would be paying in China wrt manufacturing. The EU(~508m ppl) is not the US. Apple have a massive presence in Ireland dealing with everything EU specific from before the products hits the shelves to after they're bought.
- sbacic 8y agoThey should, but I'm not sure how that changes things for Europe? It still wouldn't be getting any more tax money if Apple was paying more tax in the US rather than stashing it away in tax havens.
- Hamuko 8y agoAt least Apple would be paying its taxes somewhere.