The ITPF News Blog is managed by the students at the University of Florida Levin College of Law International Tax LLM Program.
By Laura Davison and Isabel Gottlieb
Multinational companies have long used creative but legal ways to shrink their tax bills. One is to book profits from customers in places like Boston and Berlin as if they came from, say, Bermuda, which has no corporate income tax. The world’s richest economies have agreed to jointly pursue a revamp of the global tax system that would undercut the effectiveness of such a strategy.
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