Companies Save Billions in Taxes by Shifting Assets Around Globe

  • 📰 WSJ
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

U.S. companies are booking billions in future tax savings by moving intellectual property across borders

The Chinese city of Wuhan emerges from a 76-day lockdown, Congress vows more aid to small businesses, and Acting Navy Secretary Thomas Modly resigns after an

uproar over his verbal attacks on the former captain of a virus-stricken aircraft carrier. WSJ’s Jason Bellini has the latest on the pandemic. Photo: Cheng Min/Zuma Press

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Intellectual property seems to be a U.S. monopoly, but American companies are spreading their intellectual assets among countries.

CONGRESS NEEDS MORE THAN SUBPOENA POWER PRIOR TO DISBURSING OR APPROVING MORE MONEY!

That's the problem right there, USA now don't even have companies here in USA that make ppe to provide ppl that work in USA cause all over seas in other countries providing old to their locals.

Such good citizens! Lol. Global corporations are the worst for society. All about greed.

The interesting thing is the shifting borders themselves, that's how US, UK & in particular Israeli companies are able to shift property so easily now. Now with shipping lanes being un-monitered, they're shifting property like people/salves, organs, & biological weapons.

So.... lower the taxes and keep them here? If you are hemorrhaging customers due to high prices, you lower the price.

is the US mouthpiece for globalism.

Companies save money by exploiting cheaper labor and not paying taxes with off shore accounts ... Brilliant play.

No schit Sherlock

Singapore Singapore Latest News, Singapore Singapore Headlines