Re:Thoughts about the difference between European and Americ...
by pjc50 on Wednesday July 29, 2020 @11:52AM
(#23988089)
> If you look inside any modern laptop or smartphone you'll find that most it was manufactured in Asia, and that the software and hardware design was split between many different countries and continents, and that the actual people doing the work are even more diverse.
Indeed. It takes a civilisation to make an iPhone. Many US multinationals have EU development divisions of one sort or another. Dublin is doing very well out of FAANG at the moment.
Where are the owners? Well, if it's a publicly quoted company, they're all over the world.
Where are the corporate taxes paid? Staff salaries and sales taxes are paid locally. But profits can be routed to the cheapest jurisdiction, so Apple is technically an Irish company when it comes to profit accounting, on which they pay almost no tax (see Ireland v European Commission (Apple Sales International) (Cases T-778/16 and T-892/16) (15 July 2020))
Perhaps the real question is, "When the nationalists come for you for displaying insufficient loyalty, which jurisdiction do you end up in?" The barrier between US and China is gradually being raised again.
Indeed. It takes a civilisation to make an iPhone. Many US multinationals have EU development divisions of one sort or another. Dublin is doing very well out of FAANG at the moment.
Where are the owners? Well, if it's a publicly quoted company, they're all over the world.
Where are the corporate taxes paid? Staff salaries and sales taxes are paid locally. But profits can be routed to the cheapest jurisdiction, so Apple is technically an Irish company when it comes to profit accounting, on which they pay almost no tax (see Ireland v European Commission (Apple Sales International) (Cases T-778/16 and T-892/16) (15 July 2020))
Perhaps the real question is, "When the nationalists come for you for displaying insufficient loyalty, which jurisdiction do you end up in?" The barrier between US and China is gradually being raised again.