2006-11-20 23:00:13 · 2 answers · asked by globalFREAK 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
Tax planning for multinationals -- which I have been doing for 30 years -- is all about reducing the worldwide effective tax rate. There are a variety of ways to accomplish this, but they generally boil down to minimizing the amount of taxable income that is deemed to be derived in high-tax jurisdictions. Multinationals are subject to the same tax rules as anyone else. However, they have the resources to take maximum advantage of the tax saving opportunities that are available, and the flexibility to conduct operations in low-tax jurisdictions.
2006-11-21 04:57:16 · answer #1 · answered by TaxGuru 4 · 0⤊ 0⤋
Only to the extent that they have to conform to the laws of each counrty they do business in. They can set up the business to take advantage of the lowest tax rates by how they operate.
2006-11-21 09:02:43 · answer #2 · answered by waggy_33 6 · 1⤊ 0⤋