Re:Apple has €13bn Irish tax bill overturned
by talideon on Wednesday July 15, 2020 @02:35PM
(#23849607)
Well, no. That's not how it works.
That stuff only remotely works with US companies because its tax regime wasn't a territorial one. As of a few years ago, the US finally transitioned to a quasi-territorial tax regime, which plugged some of the holes, but not all of them.
And you don't find German (or Japanese, Australian, &c.) multinationals doing this kind of thing because they have _proper_ territorial tax regimes. The US does not, and this kind of thing will continue to be a problem until the US finally does do what the rest of the world does regarding taxation.
And it would be nice if they did the same regarding personal taxation.
1) Create a successful company.
2) Create a new company in Ireland [$400 office and a phone].
3) Transfer all revenue creating items to Ireland company - leave all cost centers in your host country [US, Germany, etc].
4) Write on your blogs how you back social justice!