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Would it not be possible to spin off “iPhone Europe PLC” which is worth less than the threshold?

If it were truly independent then Apple’s “global market cap” would be irrelevant, and Cupertino could collect via IP licensing in Luxembourg taxed at 5%.

[edited for clarity, I think]

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> Would it not be possible to spin off “iPhone Europe PLC” which is worth less than the threshold?

That kind of loophole-explotation floats only in common law. Not in civil law. The civil law would go down like a hammer on such heads.

Apple with just European users would be worth much more. If a company really wasn't that big just in Europe, there would be a case to exclude them. Apple certainly isn't one of them.

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