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Old 20th Apr 2020, 13:56
  #175 (permalink)  
radiosutch
 
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Originally Posted by A320baby
But the businesses do pay tax 🙄🙄
Hmmm, that statement fro RB is corporate speak. Just like Google, Amazon or Apple "We pay tax in each country'. That may be true, but what they don't say is how much they shift profits around so that in any one country they pay a fraction of what you would expect. They do corporate accounting, the profits accumulate in low tax jurisdictions, like the BVI.
So, to summarise he's probably right they do pay some tax, but what he doesn't say is that his holding company, probably in the BVI is incredibly profitable and pays no tax anywhere. All legal.
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