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What double taxation? They are NOT taxed in Europe, that's the whole point!!
by danmaz74 12y ago
What double taxation? They are NOT taxed in Europe, that's the whole point!!
- mike_hearn 12y agoThey are indeed taxed in Europe! The rate paid is low (until the money moves back around) but tax is paid.
- danmaz74 12y agoIt's not a low rate. It's an accounting trick, which moves almost all the taxable profits to a fiscal haven, and this is possible exactly because there is NO double taxation.