The research published today by IRIS says 59 Canadian companies — including 33 headquartered in Quebec — transferred some $119.8 billion in net profits to the European low-tax country over a period of about 10 years.
The study notes that tax avoidance strategies aren't illegal but violate the"spirit" of the law because they permit companies to pay ultra-low taxes in jurisdictions other than where the majority of their economic activities occur.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Tax avoidance: Canadian companies transferred $120B to Luxembourg, study saysMONTREAL — A Quebec research institute says some of Canada's biggest companies have transferred billions of dollars in profits to Luxembourg to avoid paying ...
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Tax avoidance: Canadian companies transferred $120B to Luxembourg, study saysA Quebec research institute says some of Canada's biggest companies have transferred billions of dollars in profits to Luxembourg to avoid paying domestic taxes.
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Tax avoidance: Canadian companies transferred $120B to Luxembourg, study saysMONTREAL — A Quebec research institute says some of Canada's biggest companies have transferred billions of dollars in profits to Luxembourg to avoid paying domestic taxes.
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New law for N.L. towns would axe poll tax, make business tax optionalExplore stories from Atlantic Canada.
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