UK focused -- and leans pretty far into minimizing the contribution MNCs could make to closing the COVID-19 fiscal gap (current deficits are temporary, revenue gains should be permanent) ...
but still very good
but still very good
No matter how much you have, you still want to minimize your tax bill ...
Sad.
Sad.
Amazing stat re foreign subs in the UK
No wonder some feel left behind. local businesses cannot typically engage in these kinds of tax games.
No wonder some feel left behind. local businesses cannot typically engage in these kinds of tax games.
Yep.
(think I said something similar in my NYT oped on tax. don't think many US small businesses that advantage of GILTI)
(think I said something similar in my NYT oped on tax. don't think many US small businesses that advantage of GILTI)
There is more to be said on this ...
Someone should take a look at the high margin (cost of goods sold ~ 1/3 of revenue) US MNCs that are reporting sub 10% effective tax rates in 2019, and reverse engineer their tax structures ...
think there are some important commonalities
Someone should take a look at the high margin (cost of goods sold ~ 1/3 of revenue) US MNCs that are reporting sub 10% effective tax rates in 2019, and reverse engineer their tax structures ...
think there are some important commonalities
