Company shifts profit to secrecy jurisdiction, converts part to something else. Decent tax rate on remainder... "So no avoidance". Sigh.
@alexcobham @jeremydcape - it's an indicator in the @fairtaxmark, no? Not perfect but salient.
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@MForstater@jeremydcape@FairTaxMark Maya, you and I have discussed v small role of rate in FTM: consistent w its flaws. Have a good SundayThanks. Twitter will use this to make your timeline better. UndoUndo
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