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Right on grellas. Every other company does this and there is a corporate tax industry around these loop holes. Apple operates Braeburn Capital http://en.wikipe
by SriniK 16y ago
Right on grellas. Every other company does this and there is a corporate tax industry around these loop holes.
Apple operates Braeburn Capital http://en.wikipedia.org/wiki/Braeburn_Capital http://en.wikipedia.org/wiki/Braeburn_Capital
Microsoft is known for borrowing its own money from foreign countries to avoid repatriating tax. Because borrowing is cheaper than paying repatriation tax.
Broadcom is known for using R&D tax credits(for spending money in US for R&D) and Singapore and other lower tax states when it comes to selling goods and realizing income.
Even Oil/financial companies are known to set up shops in overseas just to avoid paying higher taxes.
When someone's career is to find ways to reduce taxes, companies will find whatever way to achieve it.