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Please educate us how companies are hiding profits in tax havens. Asking for a friend.
by nszceta 4y ago
Please educate us how companies are hiding profits in tax havens. Asking for a friend.
- andsoitis 4y agoOne mechanism is via a Double Irish with a Dutch Sandwich https://www.investopedia.com/terms/d/double-irish-with-a-dutch-sandwich.asp https://www.investopedia.com/terms/d/double-irish-with-a-dut... Another example is leveraging the secrecy provided by states such as South Dakota, Nevada, Delaware, etc. via anonymous shell companies: https://en.wikipedia.org/wiki/United_States_as_a_tax_haven https://en.wikipedia.org/wiki/United_States_as_a_tax_haven
- nszceta 4y agoU.S.-controlled foreign corporations have to pay "global intangible low-taxed income" (GILTI)
- NoboruWataya 4y agoThe double Irish has been phased out.
- fragmede 4y agohttps://en.wikipedia.org/wiki/Ireland_as_a_tax_haven https://en.wikipedia.org/wiki/Ireland_as_a_tax_haven