Summary
How do corporations evade billions in U.S. taxes? Here's one way:
Some U.S. pharmaceutical firms register their patents in foreign nations where corporate income taxes are tiny, far below the U.S. rate of 35 percent. If a drug company earns $1 billion profit from American sales, it can send $900 million to its foreign office as "fees" for the patents held abroad. Thus the firm's U.S. tax bill is cut by nine-tenths, and it pays a pittance in foreign taxes.See the full content of this document
Extract
Tax Dodgers: ; Profits Sent Overseas
Many other types of offshore tax-ducking are employed by American corporations - all perfectly...
See the full content of this document
Sponsored links
