Problem is companies like to use global accounting schemes to hide/move profit.
If it was “5% of profit in the EU” then overnight Apple would suddenly make 0 profit in the EU due to “brand licensing fees” to Apple Cayman Islands Incorporated.
Problem is companies like to use global accounting schemes to hide/move profit.
If it was “5% of profit in the EU” then overnight Apple would suddenly make 0 profit in the EU due to “brand licensing fees” to Apple Cayman Islands Incorporated.