How Multinationals Pad Their Budgets With the Wealth of Developing Countries
Amazon.com Inc. was brought to court by the Internal Revenue Service (IRS) in 2017 for transfer pricing discrepancies. In 2005 and 2006, the multinational tech company transferred $255 million in royalty payments to its tax haven in Luxembourg, but according to the IRS these royalty payments should have amounted to $3.5 billion. This transfer pricing…