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Let's not forget the time GE sold its Swiss subsidiary to Hungary for 40k and back an hour later for 6,7 Billion to avoid paying taxes in Switzerland. [1] [1]
by sschueller 9y ago
Let's not forget the time GE sold its Swiss subsidiary to Hungary for 40k and back an hour later for 6,7 Billion to avoid paying taxes in Switzerland. [1]
[1] https://www.tagesanzeiger.ch/wirtschaft/standard/Die-Steuerverwaltung-war-vollstaendig-informiert/story/21328250 https://www.tagesanzeiger.ch/wirtschaft/standard/Die-Steuerv...
- vkou 9y agoWhen I hear of accounting like that, my immediate desire is to see GE Switzerland nationalized, and its shareholders get paid $40K for it. That's what it's worth, right?