Re:European Union plans to tax tech giants on local revenue
by andruby on Monday March 05, 2018 @04:03PM
(#16524366)
How straight forward is it to fix licensing and fiscal laws in 30 “independent” countries which have their own agendas without introducing new loopholes?
I agree that it’s rediculous that the double dutch (irish) sandwhich is still legal, so they should work on closing that hole.
As a datapoint:
"Apple's 2017 accounts showed they made $44.7bn outside the US and paid just $1.65bn in taxes to foreign governments, a rate of around 3.7%. That is less than a sixth of the average rate of corporation tax in the world." [0]
I agree that it’s rediculous that the double dutch (irish) sandwhich is still legal, so they should work on closing that hole.
As a datapoint: "Apple's 2017 accounts showed they made $44.7bn outside the US and paid just $1.65bn in taxes to foreign governments, a rate of around 3.7%. That is less than a sixth of the average rate of corporation tax in the world." [0]
[0] http://www.bbc.com/news/world-us-canada-41889787