Via Truthout: No Tax Holiday for Multinational Corporations

Saturday 11 June 2011
No Tax Holiday for Multinational Corporations
Dr. Eileen Appelbaum, Truthout: "If you think that 'double Irish' and 'Dutch sandwich' are schoolyard jump rope games girls play, think again. These are the nefarious, but legal, games that hundreds of multinationals play to avoid paying their fair share of taxes... At the heart of this strategy is the transfer of rights to intellectual property developed in the US - often, as in Google's case, with early research funded by US taxpayers through the National Science Foundation - to a subsidiary in a low-tax country."
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