Company shifts profit to secrecy jurisdiction, converts part to something else. Decent tax rate on remainder... "So no avoidance". Sigh.
@alexcobham - converts to what though? profits that shareholders can't see?
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Company shifts profit to secrecy jurisdiction, converts part to something else. Decent tax rate on remainder... "So no avoidance". Sigh.
@alexcobham - converts to what though? profits that shareholders can't see?