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Old 01-17-2013, 06:23 PM   #60
murraypaul
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Quote:
Originally Posted by Rizla View Post
That's less than 1%, and they earned 200m How is that justifiable?
Because they earned 200 million in revenue from UK customers, but their UK business did not earn 200 million in revenue. All of that revenue went to the Luxembourg company, which then paid the UK company to actually fulfill the orders. The profit all stays in Luxembourg, and is taxed there.
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