Photo Gallery: Masters at Tax Avoidance
11/14/2012
Multinationals are masters at avoiding hefty tax bills. By shifting money back...
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Multinationals are masters at avoiding hefty tax bills. By shifting money back and forth between subsidiaries and establishing presences in tax oases, big companies can lower their tax bills, and it is all completely legal. Microsoft, for example, paid just $1.7 billion in taxes in 2010 on $15.4 billion in profits earned overseas.