Wednesday, September 26, 2012

U.S. Senate: Transfer pricing, other tax strategies lead to avoidance

Microsoft, HP skirted taxes via offshore units: U.S. Senate panel | Reuters

Members of the U.S. Senate's Permanent Subcommittee on Investigations questioned transfer pricing used by large companies, including Hewlett-Packard, Google, Apple and Microsoft, to avoid taxes. Sen. Carl Levin called the strategy "gimmicks and charades," but the companies defended the practice as legal. For free consultation contact us today.
ABA Tax Accounting
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