Categories:  'Economic Inequality'  

Large Corporations Leave Profits Overseas To Avoid Paying Corporate Tax

"U.S. companies must pay U.S. corporate taxes on the income they earn around the world. They can get tax credits for payments to foreign governments [...]

“U.S. companies must pay U.S. corporate taxes on the income they earn around the world. They can get tax credits for payments to foreign governments and can defer the residual U.S. tax until they repatriate the profits. That system creates an incentive for companies to book profits in low-tax countries and leave them there. Many technology companies have done just that by selling intellectual property to their foreign subsidiaries and attributing foreign profits to those entities.”

Facebook Link

Articles

Publication Date: 28/04/2017
Source: CNBC
Author: Nick Wells
Publication Date: 23/03/2017
Source: The Wall Street Journal
Author: Richard Rubin and Laura Stevens
Publication Date: 23/03/2017
Source: The Wall Street Journal
Author: Richard Rubin and Laura Stevens