November 10, 2005
Shift Income to Ireland - Save Hundreds of Millions in Taxes
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The Wall Street Journal has a nice article about how companies save millions of dollars in taxes by channelling licensing revenue through offshore affiliates. According to the article, in Microsoft’s case, running licensing revenues through a small affiliate in Ireland saves hundreds of millions of dollars in taxes. This affiliate operates out of the offices of a Dublin law firm that advertises its expertise in helping multinational companies use Ireland to shelter income from taxes.
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