Tag: tax loopholes
Facebook, Google, Apple – three big name companies you have all heard of and know well. But there are a few “shady” things about these companies you may not know. For example you may not know that they send a portion of their profits overseas rather than being taxed in the US. This scheme has been nicknamed Double Irish.
If you’re one of the 1% of Americans who control over 40% of the country’s wealth, life is full of choices. Among them — how best to keep all that money away from the government. The U.S. economic system offers no shortage of loopholes allowing the ultra-rich to shortchange Uncle Sam. This infographic from Top Accounting Degrees reveals some of them.