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Yeah, profits is what I meant. That;s what they are doing using the competitive tax structure of Ireland and recognizing all EU revenue in Ireland instead of th
by hoi 14y ago
Yeah, profits is what I meant. That;s what they are doing using the competitive tax structure of Ireland and recognizing all EU revenue in Ireland instead of the repective countries in which the product is bought. My assumption is that these loopholes will eventually close because they are being reported about and taxpayers in those countries will be disgruntled that a company only pays 2.5% of its profits in tax because it's recognizing the revenues in a different jurisdiction to which the product was bought.