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Through subsidiary companies and assigning IP rights, they move their income to a low tax country like Ireland. Its kind of like movie studio accounting. Take I
by pkaye 8y ago
Through subsidiary companies and assigning IP rights, they move their income to a low tax country like Ireland. Its kind of like movie studio accounting. Take Ikea for example. It doesn't make much money because all the profits are sent to a charity that owns the Ikea name.