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If the American divisoon of Apple get a loan from a company with branches in other countries they have cash piles then the possibilities to avoid TAX on that ov
by twoodfin 13y ago
If the American divisoon of Apple get a loan from a company with branches in other countries they have cash piles then the possibilities to avoid TAX on that overseas money becomes more open than it currently stands.
How does that work? I would be a little surprised if such a scheme had any effectiveness in reducing U.S. tax liability.
- deleted 13y ago[deleted]
- Zenst 13y agoI'm no TAX expert, let alone multi country TAX laws but from what I understand a company can get a loan, they can get that lkoan in another country which they have a pile of cash sitting and pay that loan off from that money. They could bring that loan money into America as it is not profit as it is debt in a vailed form.