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by pjc50
3579 days ago
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The thing about transfer pricing is that it makes the "location where value is created" completely arbitary. It's not where the R&D is done, it's where the shell company that holds the patents is registered. Apple subsidiaries in random countries selling phones don't pay taxes because they don't make any profit. They don't make any profit because they're "charged" an amount for the phones (and IP, branding etc) that exactly equals the sales. |
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