Re:A Tax Expert Takes Tim Cook's EU Letter Apart Point by Point
by jsnell on Thursday September 01, 2016 @06:49AM
(#12404266)
Whoa, I don't think they're saying that. "Apple Sales International" is not all non-US profits. It's a company buying Apple products from contract manufacturers in other regions and selling them in Europe. It would not be recording any revenue from sales in other regions.
The profits would then be the difference between the cost they bought those products for (+ things like the very substantial payments to Apple US for R&D), vs what they sold those products for.
The profits would then be the difference between the cost they bought those products for (+ things like the very substantial payments to Apple US for R&D), vs what they sold those products for.