Trading with the Tax Haven’s Local Population
Many companies have established entities in tax havens as they operate trading businesses in those tax havens servicing the local population.
Telstra, for example, controls 20 subsidiaries across five tax havens, including Jersey and Mauritius. Telstra uses several of these tax haven entities to provide telephone services to the local population.
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"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2