Multinational companies use tax havens like?
the wealthy families use tax havens like?
A multinational corporation will usually set up branches in the country to operate. These branches will operate efficiently transfer their profits to the parent company. Thus, the income generated will be taxed by the government or in the parent company is in a branch or overseas. However, to minimize the portion of the tax arising from the foreign market, a multinational companies will establish an intermediate subsidiaries in tax haven countries.
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