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"""
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
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.
