Monday, August 25, 2014

Tax Break ‘Blarney’: U.S. Companies Beat the System With Irish Addresses - Bloomberg

Tax Break ‘Blarney’: U.S. Companies Beat the System With Irish Addresses - Bloomberg: "The technique these companies use to lower their tax bills -- shifting legal addresses to low-tax Switzerland, Ireland, and Bermuda -- was in the spotlight last week. Pfizer Inc. (PFE), the largest U.S. drugmaker, said it’s seeking a British address, a move that might save more than $1 billion a year in U.S. taxes."

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