cryptohunter
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Some multinational companies, including Apple, Nike, and Facebook, have used offshore companies and other tax planning strategies to reduce their tax liabilities and avoid paying billions of dollars in taxes. This can be achieved through a variety of methods, such as:
- Transfer pricing: This involves allocating profits to subsidiaries located in low-tax jurisdictions, which reduces the amount of taxable income in high-tax jurisdictions.
- Intellectual property: Companies can register their intellectual property, such as trademarks and patents, in offshore jurisdictions to reduce their tax liabilities in their home countries.
- Tax incentives: Companies can take advantage of tax incentives offered by some offshore jurisdictions, such as tax holidays and low tax rates, to reduce their tax liabilities.
