> Taxes are payable wherever the profits are made.
No, with regard to income tax that's simply wrong.
That said, public companies typically have subsidiaries in other countries and these subsidiaries have to pay corporate income tax in their country of residence (but also regardless of where the profits are actually made). This is often used to avoid (or delay) tax payments, especially if the subsidiaries are in low-tax countries.
But if the parent company Apple Inc. sold an iPhone in Germany, they wouldn't have to pay income tax in Germany, just like BMW AG doesn't have to pay income tax in the US.
No, with regard to income tax that's simply wrong.
That said, public companies typically have subsidiaries in other countries and these subsidiaries have to pay corporate income tax in their country of residence (but also regardless of where the profits are actually made). This is often used to avoid (or delay) tax payments, especially if the subsidiaries are in low-tax countries.
But if the parent company Apple Inc. sold an iPhone in Germany, they wouldn't have to pay income tax in Germany, just like BMW AG doesn't have to pay income tax in the US.