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Frankenstein-Pay: Does PayPal’s 95 Percent Foreign Income Since 2013 Cause a Monstrous Periodic Adjustment? Part 2
Stephen L. Curtis continues his analysis of PayPal’s cost-sharing arrangement, explains how the cost-sharing regulations can be exploited to possibly shift billions in U.S. profits offshore with little or no IRS detection or enforcement, and explores how the agency’s position could be changing.