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Multinational corporations have subsidiaries not cousins. A great number of tricks go away if you treat subsidiaries as a single company. Countries are reluct
by Retric 2y ago
Multinational corporations have subsidiaries not cousins.
A great number of tricks go away if you treat subsidiaries as a single company. Countries are reluctant to pierce the corporate veil, but it’s all arbitrary rules.
- ajsnigrutin 2y agoI was giving an example with 11eur dildos, you have cousins for that. And for every regulatory change will bring changes to tax avoidance... subsidiaries will just get "one more step" removed from the main company...
- Retric 2y agoUltimately profits flow to a single entity. Taxing 1 levels down and stopping was clearly not the intent of my suggestion. If it’s under the control of Alphabet/ its profits go to Alphabet treat it as a single entity Alphabet. The idea that subsidiaries, trusts, etc have any meaning whatsoever when collecting taxes is simply a loophole which can be closed at any time.