Monday, September 27, 2004
Foreign Tax Havens Costly to U.S.
Companies do find a way out to pay less tax, never mind how tough the enforcer. We have a similar problem in India, with Mauritius serving as a tax haven for many companies.
There is a branch of Auditing called Transfer Pricing which deals with how the companies bill their foreign subsidiaries and related companies abroad, and the mandate is to ensure that all deals are at an arms-length price.
There is a branch of Auditing called Transfer Pricing which deals with how the companies bill their foreign subsidiaries and related companies abroad, and the mandate is to ensure that all deals are at an arms-length price.
|| crawled by kpowerinfinity, 8:17 am
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