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btilly
on July 19, 2011
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How does Google pay 2.4%?
Citi went farther. They did things like declare a particular desk in a skyscraper in NY to be legally in the Cayman Islands.
The IRS was not amused.
ttdi
on July 20, 2011
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Do you have a source on this? I'd love to read more about this.
btilly
on July 20, 2011
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I wish I did. I heard about it because I used to work with someone who had worked there some years previous.
camz
on July 20, 2011
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root
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I'm vaguely aware of Citi's tax plan, but I'd have to look into it. If I can learn the details, I'll start a series of case studies that break down the tax strategies of different fortune 500 companies.
btilly
on July 20, 2011
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The incident I was discussing was back in the 90s. It was resolved a long time ago.
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The IRS was not amused.