Advertisement

Author Topic: Woah, it cost us that much in American tax dollars for some robots??  (Read 75 times)

0 Members and 1 Guest are viewing this topic.

Offline theking

  • Elite Poster
  • *****
  • Posts: 59164
  • Respect: +1322
    • View Profile
ViacomCBS Tax Shelters Cost U.S. Taxpayers $4 Billion, Study Says

Dismissed by critics and devoured by fans, “Transformers: Age of Extinction” was the top box office film in 2014, bringing in $1.1 billion, with more than three-quarters of those dollars coming from overseas. ViacomCBS’ Paramount Pictures, which distributed the computer animated action-fest, saved much of that money by licensing the international rights through a complex strategy designed to avoid paying U.S. taxes, according to a study published Tuesday by the Centre for Research on Multinational Corporations, a nonprofit group funded in part by the Dutch Ministry of Foreign Affairs. It is common practice for multinational corporations to take advantage of tax shelters. The report offers a rare look at how one company has pulled it off.



Like this post: 0

Adverstisement

 

Advertisements