> ways to tax US internet giants as much as they can
Er, no. Just to tax them at all. US companies have been completely dodging paying taxes in Europe (effective tax rates of <1% on billions of profits).
Er, no. Just to tax them at all. US companies have been completely dodging paying taxes in Europe (effective tax rates of <1% on billions of profits).
Shouldn't they be paying those taxes in China or the US?
Well for one, Apple contracts out the manufacturing of the products to multiple Chinese companies so I fail to see what taxes on profits they would be paying in China wrt manufacturing.
The EU(~508m ppl) is not the US. Apple have a massive presence in Ireland dealing with everything EU specific from before the products hits the shelves to after they're bought.
It still wouldn't be getting any more tax money if Apple was paying more tax in the US rather than stashing it away in tax havens.