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US Corporations Move Billions of Profits to Tax Havens
Summary by Infosperber
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1 Articles
In fact, after long negotiations, the OECD wanted to prevent corporations from placing their profits in tax havens. They often have no production facilities or employees there. At the beginning of 2024, most countries had introduced the OECD Group minimum tax of 15 percent on profits. The corporations were to be forced to tax their profits in the countries where they had been generated. This was supposed to be a matter of course. But right at th…
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