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Cory Doctorow

IP is key to tax avoidance: companies like Ikea transfer "IP" (the Ikea trademark) to a numbered company in a tax haven; each national Ikea subsidiary pays "licensing fees" for the trademark equal to 100% of their in-country profits, so they never earn a (taxable) cent.

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Apr 13, 2021, 05:17 PM·Public·Web
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