How MTN shifts billions from Ghana,Nigeria & Uganda into the tax haven of Mauritius http://www.financeuncovered.org/investigations/finance-uncovered-investigation-mtns-mauritian-billions/ … @AfricasaCountry via @alexcobham
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@CraigMcKune,isn't the effective corporate income tax rate 21% irrespective of the fact that X reports 35% (which is 35% of $6)?@MForstater
@gchelwa (i'm not a tax expert...) Yes you are right at the level of a subsidiary. But not at the level of the group (i.e. overall)...
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@gchelwa i.e. at the group level (i.e: where MTN is reporting 35%) there is nowhere to shift profits to(unless it was a case of fraud/theft) -
@MForstater, I see. Thank you for clarifying.
End of conversation
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