[lm28469]

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

[thrw42A8N]

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.

[lm28469]

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 ?

I dont't know much but I'm not a fool

https://en.wikipedia.org/wiki/World_Tourism_rankings

https://www.searchlogistics.com/learn/statistics/airbnb-stat...

https://www.rte.ie/news/business/2023/1127/1418779-revenues-...

https://www.breakingnews.ie/business/airbnb-ireland-records-...

[thrw42A8N]

I don't know why you're telling me this, I know it - and it's not relevant at all without knowing the numbers.

[lm28469]

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"""

[thrw42A8N]

Accusations like this have to be founded on serious grounds, otherwise you make the whole argument appear foolish.

[lm28469]

My dude... they literally are in court right now over these things... it's a known thing for years now, apple just got fined by the EU for the same shenanigans. It really isn't a conspiracy or a secret, everybody knows it, they just use the very convoluted EU laws and systems to get away with it but the door is slowly closing

[ClassyJacket]

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?

[thrw42A8N]

You're preaching to the choir.

[Muromec]

At some point governments will catch up and start taxing based on percentage of global revenue or even turnover.

[betaby]

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.