Company shifts profit to secrecy jurisdiction, converts part to something else. Decent tax rate on remainder... "So no avoidance". Sigh.
@alexcobham - Can you help me understand? What would the 'something else' be? Would it not show up in accounts as an asset?
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@MForstater wouldn't like to speculate, especially as you may have a particular case in mindThanks. Twitter will use this to make your timeline better. UndoUndo
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