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Revision as of 19:29, 22 September 2024
Note: This writer is not CPA or tax commercial. This article is for general information purposes, and should not be construed as tax points. Readers are strongly asked to consult their tax professional regarding their personal tax situation.
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What about when organization starts to create a profit? There are several decisions that can be made transfer pricing about the type of legal entity one can form, and also the tax ramifications differ as well. A general guideline thumb will be determine which entity will save the most money in taxes.
The IRS collected $3.4 billion from GlaxoSmithKline for allegedly cheating on its taxes. The irs contended that it really evaded taxes by making several inter company transactions to foreign affiliates regarding two of its patents and trademarks on popular drugs it possess. That is known as offshore tax fraud.
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