Europe Quote by Margrethe Vestager
“A huge part of Apple profits generated in Europe, in African countries, Middle East, and India were all booked in Ireland. And I think it is a very basic principle in taxation that your profits are taxed where the profits are generated.”
About This Quote
Source Speech: European Commission on Tax Reform, 2022
Corporate profits are often booked in low‑tax jurisdictions like Ireland, despite being earned elsewhere.
In simple terms: Profits are taxed where they’re earned, not where they’re recorded.
Key Takeaway
Advocate for fair tax location rules.
Themes
taxation
fairness
corporate responsibility
global economy
Mood
critical
concerned
Type
policy
economic
When to use this quote
- multinational corporations
- government regulation
- public finance
Key Concepts
tax avoidance
profit shifting
policy reform
Questions to Reflect On
- Should profits be taxed at source?
- How can loopholes be closed?
A Different Perspective
Implementation faces political resistance and loopholes.
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