French President Emmanuel Macron says it’s crazy that companies like Amazon, Apple, Facebook, and Google get a „permanent tax haven status.“
The reference to ‘tax haven status’ relates to practices used by Apple and others to funnel profits on European sales through Ireland, and then to claim large deductions for R&D costs incurred in the US. There have also been accusations that Apple assigns most of its European profits to a subsidiary which exists only on paper and which pays no taxes anywhere.
Check It Out: Emmanuel Macron Says its Crazy That Apple Gets Tax Haven
Agreed. If only he was in a position to do something about it.
Oh, wait, he is.
If he thinks it’s wrong then he needs to stop b****ing about it and change the EU law.