Re:Apple has €13bn Irish tax bill overturned
by hellofunk on Wednesday July 15, 2020 @09:47AM
(#23845146)
It is true about Amazon, though, and I’ve seen Amazon mentioned far more often than Apple in this regard.
Re:Apple has €13bn Irish tax bill overturned
by blibble on Wednesday July 15, 2020 @09:56AM
(#23845262)
companies don't pay VAT because they claim it back on everything they buy
they do however collect it
Re:Apple has €13bn Irish tax bill overturned
by kalleboo on Wednesday July 15, 2020 @10:02AM
(#23845330)
They pay VAT on the value they add between what they buy and what they sell. Hence, Value-Added Tax.
Re:Apple has €13bn Irish tax bill overturned
by blibble on Wednesday July 15, 2020 @10:28AM
(#23845643)
no they don't, they collect it, but the consumer pays it
this is the entire principle behind VAT
Re:Apple has €13bn Irish tax bill overturned
by trollied on Wednesday July 15, 2020 @10:58AM
(#23846072)
You're actually both right.
A company collects VAT from customers when they purchase. But it also buys from suppliers at a lower value. It pays the difference in the two VAT numbers (from customer-to supplier) to the VAT authority.
The conventional view is that Apple pays no tax, Ive seen that asserted on HN many times, but it's just flat out not true. If you wan to say the above isn't enough, sure, fine that's an opinion you're entitled to hold. I don't even necessarily disagree, I think there's a reasonable case to be made that we are excessively incentivising the concentration of capital but that's a question for voters and politicians not individual companies.