8 ms·
To say it is a loophole makes it sound like only a few use it or that it's some obscure detail that allows for this. As far as I know, this applies to every for
by Strom 11y ago
To say it is a loophole makes it sound like only a few use it or that it's some obscure detail that allows for this. As far as I know, this applies to every foreign company and is very clear from tax law.
- sleepyhead 11y agoIt's quite a deliberate international network of companies purely set up for the purpose of not paying tax. I would say it's a loophole even though it also consists of obviously legal and locally encouraged practices such as setting up a company in Ireland with a low tax rate. But yes it's an issue with lack of international agreements to avoid situations like this with huge corporations not paying tax locally and small businesses in the same area paying high local taxes.