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Apple - and the rest of the large companies manage to order their payments so that their profits are offshored out of Europe. Which means they are not paying th
by pasc1878 2y ago
Apple - and the rest of the large companies manage to order their payments so that their profits are offshored out of Europe. Which means they are not paying the corporate tax an EU resident company would. So EU is not getting their fair share.
- pkaye 2y agoDon't they send the profits to Ireland which is within the EU?
- pasc1878 2y agoYes first. But the company is in the US and Ireland pays to the main company for various things - so the parent company makes the most profit
- Kwpolska 2y agoCorporate tax doesn't go to the EU, it goes to the government of the country you're incorporated in. Countries like Ireland and the Netherlands have very low tax rates, and big tech companies benefit from that.