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VIDEO: Four Common Ways US Companies Avoid Paying the 35% Corporate Tax Rate, Animated!

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DON'T WORRY, IT'S LEGAL
DailyFeed
Ever wonder exactly how US companies survive when they're paying a 35% corporate tax rate? Easy! They don't pay the 35%!

This video from the New York Times explains the four key strategies corporations commonly use to reduce corporate taxes by as much as two-thirds. Essentially accountants will tell their corporate clients to:

1. Make all profits Dutch
2. "Share" research and development risk with a Dutch subsidiary.
3. Move the manufacturing overseas. ("Your Netherlands subsidiary will need its own subsidiary. Singapore, perhaps.")
4. Deduct the costs of these overseas operations, along with the accounting team's fees.

Something to remember the next time you hear Big Business whining about burdensome tax regulations....


 
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