92
Tax avoidance: Canadian companies transferred $120B to Luxembourg, study says
(www.winnipegfreepress.com)
this post was submitted on 03 Nov 2023
92 points (97.9% liked)
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I have no idea how corporate taxes work.
Wouldn't taxes need to be paid on those ridiculously high consultation fees? Or would those tax rates be way lower than taxes on profit?
I suspect that since it's the same company, it's just a line item of how someone spent their time in the EU advising us here, but it's not paid like hiring an outside consultant who you then have to pay gst/pst on their services. So no tax other than on the other side?
But i'm just guessing, I don't know the whole details, maybe it is just lower tax