PebHmong Discussion Forum

General Category => General Discussion => Topic started by: theking on June 03, 2021, 11:25:55 AM

Title: Woah, it cost us that much in American tax dollars for some robots??
Post by: theking on June 03, 2021, 11:25:55 AM

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.
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