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> That said, US corporations definitely don't avoid "paying taxes." Multinational corporations definitely do. They'll register themselves in a country with a c
by hnlmorg 4y ago
> That said, US corporations definitely don't avoid "paying taxes."
Multinational corporations definitely do. They'll register themselves in a country with a cheaper corporate tax burden then argue that their income / sales is generated from that country rather than their actual country of origin. Thus reducing the amount of tax they have to pay in the US (or UK, etc).
- orangepurple 4y agoIrrelevant due to Global Intangible Low-Taxed Income (GILTI)
- varispeed 4y agoIt is relevant since the tax is low, so it makes it worthwhile. Foreign big corporations that are not US controlled have even better situation. Countries like UK have for instance DPT (Diverted Profit Tax) but it is discretionary and our tax man tends to look away.