Tag: multinational corporations
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Unprofitable subsidiaries becoming new tax haven for multinational corporations
[box size=”large”]Multinational corporations are moving income from their profitable, high-tax subsidiaries into unprofitable ones to save money on taxes, a University of Waterloo study has found.[/box] The study’s findings shed light on a tax planning strategy that is not currently focused on by governments, which tend to focus their efforts on firms who move their…