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- Video Views: 222461
- Published On: 2022-05-03 20:00:10
- Video Published/Author: Think School
- Video Duration: 00:10:13
- Source: Watch on YouTube
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Video Introduction:
The avoidance of taxes is the only intellectual pursuit that still carries any reward.”
Regardless of how much money we make, taxes are very very painful to all of us!! and more importantly if you are running a small company who just made your first year of profit after 2 years of losses, handing that money to the govt is something that you will remember for a long time!! because you know that that money could be your saviour next year when you incur losses!
But while on one side there are normal people like you and me who pay our taxes sincerely, Google Microsoft and Apple used a genius tactitic by which they saved 1000s of crores of taxes every single year!! While google saved the 23 Billion dollars, Apple saved 78 Billion dollars and Microsoft saved 13.8 Billion dollars in 2017-18!! If you see that is more than 2 times the defence budget of India itself!!The question is What is this Tax Evasion strategy?
How does it escape the stringent laws of the taxation system?
and most importantly, what are the study materials that will help you understand these secret tax Evasion strategies used by the smartest minds in the world?
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Study materials
https://ftp.zew.de/pub/zew-docs/dp/dp13078.pdf
https://tpcases.com/tag/double-irish-dutch-sandwich/
https://cmr.berkeley.edu/2020/03/doubling-down/
https://www.windowscentral.com/microsoft-subsidiary-used-bermuda-dodge-taxes-315-billion-profit
https://www.pearse-trust.ie/blog/bid/86105/US-Companies-Their-Use-Of-The-Double-Irish-Dutch-Sandwich
https://sven-giegold.de/wp-content/uploads/2015/03/From-Double-Irish-to-Bermuda-Triangle-2014.pdf
https://www.revenue.ie/en/companies-and-charities/dividend-withholding-tax/index.aspx
https://en.wikipedia.org/wiki/Leprechaun_economics
https://www.irishtimes.com/business/technology/google-used-double-irish-to-shift-75-4bn-in-profits-out-of-ireland-1.4540519#:~:text=The%20%E2%80%9Cdouble%20Irish%E2%80%9D%20was%20abolished,2020%20to%20phase%20it%20out.
https://www.irishtimes.com/business/technology/irish-registered-subsidiary-of-microsoft-records-314bn-profit-1.4565525
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#thinkschool #taxation #businesscasestudy
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little bit complicated….. have to watch twice….
Didn't understand
This case study was by far the most confusing, but the way he put it in an organised manner was just nothing less of awesome!!!!
Superb!!
Hehe clever tax avoidance FTW. BTW, 5:55 it should read licences (the noun), not licenses (the verb). Also, "Billion" and "Million" should be lowercase, since they're not names.
Taxes are just robbery
Ya dusre ways hai tax kam karne ke but yeh video dikhane se laga ki ab small aur big companies save kar paegi tax but ab vo possible nhi hai na sir?
So at the end ab hum nhi kar sakte toh kya mtlab hua yeh video dekhne ka 😂😂😂😂😂😂
I have a doubt,
Can i Indian company also do something like this? and if yes then how?
Your opening statement is wrong I think. Losses can be carried forward and set off against losses in India atleast
hi ganesh
'can you make the case study on crypto market and our government charging the huge tax on it and additionally they want to consider it on GST with 28%
Proud to be a Chartered Accountant
Want a video on Pyramid scheme or MLM
Happy is Youtube baba.
1:32 wahh! Kya Googly hai 😂
Hence it proved rich people and organisations can get away with anything
Do we have similar MAFIAs running also in India, I am damn sure, there would be many loopholes without involving other countries or sandwiches 😀 If possible please make a video or provide some infos. Thanks.
Congratulations 👏 and all the best for your success and happiness 💓
did not understand.
woohoo… That was great confusion at the first watch. Had to slow down the video to understand the system.
Make a video on 7th Heaven and explain the whole bakrey sector business
Hey sir
Why did you changed the title of the video