2 ms·
You're completely unaware of the financial shenanigans that US tech does in Europe. I'll just leave you with the fact that Apple across two decades paid pennie
by epolanski 2y ago
You're completely unaware of the financial shenanigans that US tech does in Europe.
I'll just leave you with the fact that Apple across two decades paid pennies in taxes in Italy (claiming few millions in revenues) because they would have bullshit like Apple Ireland selling Apple Italy iPhones for 1000€s and selling them for 1000€s plus vat.
Meanwhile Apple Ireland was buying those iPhones for the pennies it costs to make them (few hundred $ at best) and thanks to Irish corporate taxes being close to non existent (0.5%) Apple has paid virtually nothing for decades.
If you believe that us European voters love our countries to be subsidized by rich American countries you're out of your mind, but what we dislike is being taken advantage over and over.
- shuckles 2y agoThe Double Irish arrangement is 45 years old and used by basically every multinational in Europe.