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Exact(42)
The change, she added, would move profits from one period to another but not alter the company's cumulative earnings.
Closing the Eurobonds loophole used by some firms to move profits out of the UK and avoid corporation tax.
It is much easier for businesses with royalties and digital products to move profits to low-tax countries than it is, say, for grocery stores or automakers.
One of the advantages of team-owned regional sports networks is the ability to move profits from the channels to the team.
A common way to move profits offshore is through transfer pricing, when subsidiaries in different countries charge each other for goods or services "sold" within the group.
In practice, though, the price can be adjusted to move profits to the lower-tax jurisdiction and expenses to the higher-tax one.
Similar(18)
Without that move, profit would have risen 16percentt.
It is much easier for businesses with royalties and digital products to move profit to low-tax countries than it is, say, for grocery stores or automakers.
The rules for calculating corporation tax generally ran in parallel with income tax until 1993, when the first statutory rule to move profit reporting into line with generally accepted accounting practice was introduced, although the courts were already moving towards requiring trading profits to be computed using general accountancy rules.
Multinationals avoid taxes by moving profits around their global subsidiaries.
Apple has been especially adept at moving profits around in tax-advantageous ways.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com