4 ms·
What often happens is that corporation in high tax country has subsidiary in low tax country that they find a way to funnel profits too. Not sure on details my
by JJMcJ 3y ago
What often happens is that corporation in high tax country has subsidiary in low tax country that they find a way to funnel profits too.
Not sure on details myself. It has to be done just right.
I believe Ireland and the Netherlands are often host countries.
Now this is different than money laundering, which is big time illegal, of course.
- seneca 3y ago> What often happens is that corporation in high tax country has subsidiary in low tax country that they find a way to funnel profits too. That has nothing to do with individual taxes.
- s1artibartfast 3y agoI think you're talking about the double Irish corporate inversion loophole, which applied to multinational companies, and was closed 10 years ago. As a US individual you get taxed no matter where in the world you live, and you must pay capital gains on all of your assets before giving up citizenship
- JJMcJ 3y agoI believe the Netherlands one, which I don't fully understand, is still in place.