Re:European Union plans to tax tech giants on local revenue
by hartator on Tuesday March 06, 2018 @11:55AM
(#16530033)
Funny fact, IKEA is a non-profit, and don't pay taxes on profit.
Re:European Union plans to tax tech giants on local revenue
by merb on Monday March 05, 2018 @05:42PM
(#16525250)
> The corporations whose large profits and zero taxes annoy people are the online giants.
well SAP is probably one of them, but I never heard that somebody is annoyed by their tax policy. I never heard anything said against them and I'm pretty sure that they follow the same scheme than Apple, Google, Facebook, etc.
(P.S. I'm german)
Re:European Union plans to tax tech giants on local revenue
by pavlov on Monday March 05, 2018 @05:51PM
(#16525295)
Where do you get that? SAP's 2017 financial statement says the company paid 970 million euros in income tax on a profit of about 5 billion €:
https://www.sap.com/integrated-reports/2017/en/primary-conso...
Re:European Union plans to tax tech giants on local revenue
by TomMarius on Tuesday March 06, 2018 @05:51AM
(#16528065)
Yes, but (mostly, except for VAT) in Germany, not in the countries where they sold the software.
Re:European Union plans to tax tech giants on local revenue
by pavlov on Tuesday March 06, 2018 @07:16AM
(#16528339)
AFAIK, most of SAP's business goes through local resellers and consultants. They pay taxes in their countries.
The iPhone App Store is a completely different animal from SAP's consulting-heavy sales model, and it seems understandable that the EU commission is interested only in the former.
BUT - and this isn’t irrelevant - even though IKEA might not pay much taxes on corporate profits in (say) Sweden, Selling physical goods in physical stores still produces value. They manufacture in Sweden about as much as they sell in Sweden. So overall, it’s much easier to accept the near zero tax.
The corporations whose large profits and zero taxes annoy people are the online giants.