Minimum rate of corporation tax wanted.
Posted: Sun Apr 11, 2021 11:15 am
This another Joebama / yellen plan on behalf of their handlers.
I put this here because the vax manufacturers have some of the biggest offshore haven funds apparently:
https://www.fastcompany.com/90622148/th ... -explained
I put this here because the vax manufacturers have some of the biggest offshore haven funds apparently:
https://www.fastcompany.com/90622148/th ... -explained
The most guilty companies are pharmaceutical corporations such as Pfizer and Johnson & Johnson, as well as tech companies such as Microsoft and Apple, which had the most offshore money, at $246 billion (avoiding $76.6 billion in taxes, the report estimated). This practice is easier for tech companies with nontangible products, says Reuven Avi-Yonah, a law professor and director of the international tax program at the University of Michigan, because they can smoothly move intellectual property overseas. Still, Nike, General Electric, and PepsiCo had subsidiaries; Goldman Sachs had the most, with 905 subsidiaries in 18 countries.