Re:Macron says France and U.S. reached digital tax deal
by m12k on Tuesday August 27, 2019 @05:16AM
(#20807623)
You don't seem to understand how transfer pricing and tax havens work. These companies are not paying taxes on profits from most of their foreign sales in their home countries - the home corporation pays taxes on their domestic profits, and profits from those international subsidiaries that can't be channeled to tax havens (e.g. not from Europe) while all those profits that can make their way to tax havens do. Here's an article explaining how Apple does it: https://www.irishtimes.com/business/apple-s-cash-mountain-ho...
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Re:Macron says France and U.S. reached digital tax deal
by tonfa on Tuesday August 27, 2019 @05:47PM
(#20814749)
What that article doesn't make it clear is that the overseas cash was still subject to US taxation.
A few years ago, that taxation could be indefinitely deferred, but that's no longer the case. So calling it a tax haven is somewhat misleading if we're talking about US companies.