By: The Reputation Of A Tax Professional « Tax Management Consultancy

The Reputation Of A Tax Professional « Tax Management Consultancy — Sun, 29 Apr 2012 08:08:22 +0000

[...] Political Double Dealing by James Green “International tax evasion by multinational companies that take advantage of tax-rate disparities among countries is on the rise, according to an international study group. By claiming multiple deductions and generating fake credits, corporations can cancel out taxes owed, said the Paris-based Organization for Economic Cooperation and Development on Monday. In a 25-page report, the OECD said billions of dollars of tax revenues were at risk through aggressive tax planning techniques used by companies to exploit tax rate differentials. The report says companies exploit national differences in the tax treatment of instruments, entities or transfers to deduct the same expense in several different countries, to make income ‘disappear’ between countries or to artificially generate several tax credits for the same foreign tax.” [...]

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By: The Reputation Of A Tax Professional « Tax Management Consultancy