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by mcphage
3581 days ago
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Money can change hands where you want it to change hands, and profit can occur where you want it to occur. In this case, Apple Ireland buys an iPhone from the manufacturing division for (say) $300, sells an iPhone to Apple Italy for $800, and Apple Italy sells it to a consumer for $800. Apple Ireland made $500 profit, Apple Italy makes $0 profit, and so pays taxes in Ireland and not Italy. |
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