Transfer pricing is a method multinational corporations use to shift profits from high to low tax jurisdictions (countries). Transactions usually involve the transfer of goods and services. These companies use transfer pricing to allocate profits (earnings before interest and taxes) among their various subsidiaries within the organization. For instance, if a subsidiary company X in …
WHAT YOU NEED TO KNOW ABOUT TAX HAVEN A business or an individual can use tax havens to reduce their tax obligations. Read on to find out what a tax haven is, and its characteristic, and benefits. What is a tax haven? A tax haven also called an offshore financial center, is jurisdiction or country …
Individual tax planning is an essential part of tax preparation for your business. Having knowledge of tax planning is necessary for your tax concerns. It helps you save money, time and ensure your tax affairs are in order before the 30th June rollout. It may also help you reduce audit risk and cut tax on …
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