Well no that's not really what happens, what happens is that legally the french entity is just a service provider for the irish HQ. They pretend it's a simple marketing agency and that the real value is provided by the irish entity
Doesn't matter - you can't make any judgement without knowing these numbers. They may have actually paid a higher tax rate than previously - we don't know.
Funny how it works, they lose money everywhere but one of the smallest country they operate in banks 50% of their worldwide revenues, it probably is just a coincidence that this is a tax heaven... we just don't know I guess
The French branch made 160k of profit while the Irish branch made more than all the other EU countries combined
FYI: france is the second market for airbnb after the US... do you really think they would even bother if they did make 160k there when they make 300m+ per year globally ? Do you really think their second market nets them < 0.1% of their total net income ? Do you really think the most touristic country in the world in absolute numbers brings 160k euros per year to airbnb ?
Well you said it doesn't matter because we don't know the numbers, yet the numbers we do know about don't match any scenario that doesn't involve large scale tax """optimisation"""
I guess it's just a crazy coincidence that most huge multinational corporations base their European operations in Ireland then? They just like drinking Guinness I suppose?
I hope so. And that's not only USA-copanies phenomenon. I worked for a french company in Montreal which payed close to zero tax amount even though they are doing more than OK financially world-wide, including Canada.