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There are many more ways to skirt tax laws. Look at IKEA. They operate as a non-profit, but transfer money to a holding company which licenses the IKEA brand
by rando444 10y ago
There are many more ways to skirt tax laws.
Look at IKEA. They operate as a non-profit, but transfer money to a holding company which licenses the IKEA brand to the non-profit.
- davidf18 10y agoThe countries simply need to pass laws or use some sort of legal intervention that counter this abuse of the law. Many US firms were buying out foreign firms and transferring their HQ to the bought out firm, simply to avoid taxes, not for any other strategic or operational reasons. Pfizer going to have a $160 billion merger with Allergen for this very reason, called an "inversion" but the US government intervened and the merger and Pfizer's tax avoidance was called off. https://www.washingtonpost.com/business/economy/pfizer-allergan-call-off-160-billion-merger-after-us-moves-to-block-inversions/2016/04/06/4fd55446-fc11-11e5-80e4-c381214de1a3_story.html https://www.washingtonpost.com/business/economy/pfizer-aller...