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Isn't corporate income tax the one that can be dodged by just shifting profit offshore? Or did they close that loophole?
by jjoonathan 7y ago
Isn't corporate income tax the one that can be dodged by just shifting profit offshore? Or did they close that loophole?
- rayiner 7y agoVery few companies (mostly tech companies) can take advantage of those tricks. Exxon can’t assign all its oil fields to an Ireland subsidiary to inflate expenses and reduce profits in the US. The median effective tax rate for the S&P 500 in 2018 is 21%. That’s the same as or higher than the statutory tax rate in Canada, the U.K., Sweden, Norway, and Germany.