Your English writing platform
Discover LudwigSuggestions(5)
Exact(5)
We need to reform the rules on transfer pricing, the crazy rules that allow transfer of profits.
The government intends to work with the Paris-based Organisation for Economic Co-operation alongevelopment (OECD), along with Germany and France, as part of an "international effort to prevent artificial transfer of profits to tax havens".
Thus the birth of the euro eliminated trading in its various precursors, but created a market so large and liquid that trading in euro options soon took off.The prospect of selling new-fangled products may be a consolation, but lower trading margins, in effect, represent a transfer of profits from banks to the buy-side not something for the buy-side notebrate.
This, together with high oil prices, has allowed Pemex to invest some $10 billion a year, or roughly double the average of the previous two decades.But that is dwarfed by the almost $40 billion that Pemex paid the government last year in taxes and the transfer of profits.
Mr Miliband welcomed the company's support for international tax reform and said action was needed to crack down on tax havens and "crazy rules" allowing the transfer of profits from one country to another to minimise tax liabilities.
Similar(53)
Professor Harvey has started his testimony on transfer pricing and shifting of profits by multinationals offshore, and on Apple's specific tax planning techniques.
It also proposed three measures to limit the practice of so-called transfer pricing — the shunting of profits and losses between subsidiaries by disguising them as internal corporate payments for goods or, as is increasingly common, for copyright or patent royalties.
"It [would be] a transfer of money from profit earners to low-income wage earners, who will then go out and spend it".
He declined to give details publicly of a favourable rate granted it in the Netherlands on a proportion of profits transferred there in the form of an intellectual property "royalty" on UK shops.
Decades ago, Sweden considered a policy that would have transferred a fixed share of profits at corporations into funds owned by people who work at them.
"It will have a positive effect, a substantial positive effect on worker and part of that will mean a transfer of dollars from corporate profits and executive salaries to workers," said Ross Eisenbrey, the vice-president of the left-leaning Economic Policy Institute, which studied the effect of a higher overtime pay threshold.
More suggestions(3)
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com