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The IRS collected $3.4 billion from GlaxoSmithKline for allegedly cheating on its taxes. The irs contended this evaded taxes by making several inter company transactions to foreign affiliates regarding two of your patents and trademarks on popular drugs it has. That is known as offshore tax fraud.
What is the rate? In the rate or rates enacted by Central Act within the nba Assessment Calendar months. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable into the tax payer.
Defer or postpone paying taxes. Use strategies and investment vehicles to discouraged paying tax now. Do not pay today what you can pay tomorrow. Have the time use of one's money. More time you can put off paying a tax transfer pricing setup you produce the use of your money towards your purposes.
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