[aaykarbhavan] ocean income"

Tax issues: How Apple, Google & Microsoft are grappling with Indian authorities

 It's a company that earned $30 billion in profits over three years, but effectively resided nowhere, filed no income tax return, and paid no tax to any government for five years.

Tax planners and tax consultants have a name for that $30 billion in profits and it's a term that sums up perfectly both the aim of those who set up companies this way, and the result achieved: "ocean income".

Regards

Prarthana Jalan

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