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Exact(31)
The vast proportion of our profits are generated abroad," he added.
Two-thirds of the profits are generated in Asia although HSBC is headquarted in London.
Mr. Gorman is emphasizing the profitability of the brokerage operation, and "he is not quite as Draconian" about how those profits are generated, Mr. McVey said.
When a company only operates in one country, it's obvious where its profits are generated and thus where its taxes should be paid.
"The Panama papers have not changed our agenda," Hill said, "but they have strengthened our determination to ensure that taxes are paid where profits are generated".
Just over half of group operating profits are generated from Greene King's managed pub division, characterised by larger, busier pubs, serving a greater proportion of food.
Similar(29)
Still, growing oil profits are generating new scrutiny of the industry, with legislators and taxpayer groups expressing concern over Big Oil's good fortune, as soaring energy prices put increasing pressure on the pocketbooks of consumers.
Vast profits were generated as medical ethics were set aside.
The company said all of its profits were generated in the UK and taxed in the UK.
The special lending facilities were ended in 2010, and the loans were repaid, with huge profits being generated.
Corporate America claims that about $3 trillion in profits were generated in places like Bermuda, Grand Cayman and Luxembourg.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com