Get Rid of Patents to Reduce Tax Dodging

Most wealthy corporations like Apple use tax dodging schemes based on patents. Apple transfers it’s intellectual property to another company in a low tax country like the Cayman Islands, then pays huge fees to that company as expenses. This results in a tax loss in the high tax country and a big profit in the no tax country.

If you get rid of patents, you can put a stop to this scammy way big companies reduce taxes.

Published by

Joel Gross

Joel Gross is the CEO of Coalition Technologies.

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