profit shifting

Instead, the UK Government chose to rely on the OECD-led initiative on base erosion and profit shifting.

Mr. Rosen said "the states have all the authority they need to stop profit shifting" and that if individual state legislatures fail to do so it is their problem, not that of his clients.

The service was a bargain, when you thought about it eighty percent of first-year profits shifting to Lee and company in return for a few phone calls and doubly so when Benny thought about the various alternatives.

Even so, Tax Notes International, a respected trade publication, reported that the United States Tax Court is currently considering disputes in which the I.R.S. is claiming that United States and foreign companies owe $32 billion because of improper profit shifting.