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The UK subsidiary was apparently making a loss, but the company as a whole wasn't. This might mean they shuffled money around to avoid paying UK taxes, i.e. th
by devit 11y ago
The UK subsidiary was apparently making a loss, but the company as a whole wasn't.
This might mean they shuffled money around to avoid paying UK taxes, i.e. they engaged in https://en.wikipedia.org/wiki/Transfer_mispricing https://en.wikipedia.org/wiki/Transfer_mispricing potentially breaking the law.
- ptaipale 11y agoThen the taxman can get them. They just need proof. If the case is clear, why don't they go and get Facebook for breaking the law? Most likely because the case is not so clear: it is far from clear that they engaged in any transfer mispricing.