Tax havens and corporate strategies essays on offshore investments paperback july 29 2015 by antonio c t de mello author raul adalberto de campos translator see all formats and editions hide other formats and editions price new from used from kindle please retry 499 kindle 000 read with kindle unlimited to also enjoy access to over 1 million more titles 499 to buy . Profit shifting into tax havens has risen from an estimated 5 percent to 10 percent of gross profits in the 1990s to about 25 to 30 percent today cobham and jansky 2017 the principles of the international tax havens and corporate strategies essays on offshore investments by jin yong file id fa6698 freemium media library. Applicable issue even though the corporate tax code makes offshore tax havens legal in the u s by allowing them to convey their profits overseas they are exploiting these subsidiaries making the average taxpayer and also small business owners take on the tremendous tax burden the practice of shifting these corporations income overseas has cost the u s treasury an estimated ninety . In conclusion tax havens are attractive because of high corporate taxes in the united states tax havens appear to make companies more profitable and keep prices of products lower for consumers while legislation to better control tax havens it is unlikely that they will be eliminated in the near future however it will be interesting to see the changes that will occur when obama takes office. How do tax havens work lets imagine youre operating a business in the united states and youve been making some healthy profits however the end of the fiscal year arrives and you discover that you have to pay a significant portion of your earnings to the us government tax cuts and jobs acts reduced the us corporate tax rate to 21 but thats still a significant amount
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