Macron says France and U.S. reached digital tax deal

Re:Macron says France and U.S. reached digital tax deal by derriz on Tuesday August 27, 2019 @06:10AM (#20807913)

The revenue number is irrelevant when it comes to corporation tax, don't you agree? If you do agree, why mention it? The discussion is complex enough without introducing unrelated numbers.

The figures I've seen published suggest that Apple declares 3 or 4bn _PROFIT_ a year on their Irish operations. This is about 3 or 4% of the REVENUE which passed through the Irish operations which does not seem unreasonable for a logistics operation. Apple makes 35% or 40% margin on sales which means that the VAST amount of profit is booked in the US.

> European countries have to pay profit taxes in the US

This is simply not true. I've been involved in selling stuff to the US from Europe and we did NOT have to pay "profit taxes" on our sales.

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Re:Macron says France and U.S. reached digital tax deal by JanSt on Tuesday August 27, 2019 @06:21AM (#20807982)

derriz, it's $34bn PROFIT in 2014. You can find it here:

https://en.wikipedia.org/wiki/EU_illegal_State_aid_case_agai...

in table 1, ASI Profit shifted. I can see why you are arguing for this arrangement if you don't know the facts.

The US absolutely taxes every subsidary in the US.

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