Subsidiary A (in state with high corp tax) pays millions in "consulting fees" to same MNC's subsidiary B (in state with no corp tax), but the actual value of the consulting B delivers to A is negligible. Legal? Perhaps. But why are you so opposed to calling it "illicit"? Thanks!https://twitter.com/MForstater/status/1022821492017557504 …
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(2) Legal tax planning by big corps includes transfer pricing defensible w/in arms length principle. Can be disagreements over value (or arguments for a different system), but superficial similarity w first scenario does not make it 'illicit'
(3) Note the proposed SDG indicator applied to individual companies suggests a lot of "apparent profit shifting" into high tax countries - US, UK, France, China, South Africa, Italy etc... (suggests the numbers it generates are not profit shifting)
