Thread: Post-Brexit Thread
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Old 09-12-2016, 11:15   #3095
1andrew1
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Re: Post-Brexit Thread
Quote:
Originally Posted by Damien View Post
Makes sense. I guess it's harder if you're literally shipping goods to the country. I wonder if the European subsidiaries are the 'seller' of those products? I know most tech companies set up a European office to deal with it and one of the benefit of the single market is one-stop access to the entire European market.
The European subsidiaries are the sellers. Apple in Ireland is a famous example. Another benefit for a European subsidiary has been that profits do not need to be repatriated to the USA which has higher rates of corporation tax. This may well change under the Trump administration though.
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