{"id":630,"date":"2013-12-18T12:00:32","date_gmt":"2013-12-18T16:00:32","guid":{"rendered":"http:\/\/wbntruthtech.wpengine.com\/?p=630"},"modified":"2013-12-18T12:00:32","modified_gmt":"2013-12-18T16:00:32","slug":"luxembourgs-tax-break-helps-companies-make-profit-loss","status":"publish","type":"post","link":"https:\/\/truthtechnologies.com\/es\/luxembourgs-tax-break-helps-companies-make-profit-loss\/","title":{"rendered":"Luxembourg’s tax break that helps companies to make profit from loss"},"content":{"rendered":"

A tax break that helps companies to make profit from loss<\/p>\n

Written by Oman Observer<\/a><\/p>\n

This article by Tom Bergin is presently making its round across the universe, probably through some syndication agreement. Of all places, this is a link to the “Oman Daily Observer”. The main focus is on what sounds like a magic formula, and is summarized here in the article:<\/p>\n

“The rule, which dates back to World War Two, helps companies save hundreds of millions of dollars in taxes each year, a Reuters analysis of the accounts of several major international corporations shows. The profits that escape tax have often not been earned in Luxembourg, but in countries like Britain, the United States and Germany. Those countries may lose out.
\nNew York-listed telecoms group Vimpelcom, US Internet group AOL Inc, building equipment maker Caterpillar and UK mobile telecoms group Vodafone are just four of those to have made use of the system, accounts for their Luxembourg subsidiaries show. Other firms have similar arrangements, tax advisers say, but have not made them public.”<\/p>\n

On one hand, this looks like good publicity. Considered however in the context of a wide assault on tax havens, the fundamental question is: where is the border between a tax haven and a non tax haven? And we know already what a tax hell is. I learnt that from Gerard Depardieu, the famous French actor who left the French tax hell for heaven in Russia. Not seen since Napoleon.<\/p>\n

Two conclusions for (new) governments in “tax havens”:<\/p>\n

It is a losing proposition to fight against the rest of the world’s will to eliminate tax evasion, financial crime, and money laundering.
\nIt is a legitimate battle to defend a line that separates financial crime from legitimate business, which includes low tax jurisdictions as opposed to tax hells. In the European context, the question is: are tax policies a matter of subsidiarity, or of central dirigisme, and\/or to what extent?<\/p>","protected":false},"excerpt":{"rendered":"

A tax break that helps companies to make profit from loss Written by Oman Observer This article by Tom Bergin is presently making its round across the universe, probably through some syndication agreement. Of all places, this is a link to the “Oman Daily Observer”. The main focus is on what sounds like a magic […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_front_end_style_editor":"no","ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[9],"tags":[],"class_list":["post-630","post","type-post","status-publish","format-standard","hentry","category-chairman-blog","entry"],"yoast_head":"\nLuxembourg's tax break that helps companies to make profit from loss - Truth Technologies<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/truthtechnologies.com\/es\/luxembourgs-tax-break-helps-companies-make-profit-loss\/\" \/>\n<meta property=\"og:locale\" content=\"es_MX\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Luxembourg's tax break that helps companies to make profit from loss\" \/>\n<meta property=\"og:description\" content=\"A tax break that helps companies to make profit from loss Written by Oman Observer This article by Tom Bergin is presently making its round across the universe, probably through some syndication agreement. 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