ANALYSIS: Tax companies too much, and growth will shrivel. The share of American multinationals’ foreign profits booked in tax havens has doubled since 2000, to 63 per cent in 2018. Some 330,000 people list “transfer pricing” on their LinkedIn profile. Treating companies as a whole, rather than relying on transfer pricing, could reduce the army of advisers running circles around tax authorities. Corporate tax-departments will arbitrage mismatches between different countries’ tax laws.

Source: Stuff May 13, 2021 20:48 UTC