Member-administered closed user group and Profit shifting: Difference between pages

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imported>Doug Williamson
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(MA-CUG).  
''Tax''
 
Tax payer action that reduces the taxable profit in a jurisdiction by shifting it to a jurisdiction where it will be taxed at a lower rate or not taxed at all.
 
This is generally seen by tax authorities as potentially abusive, even if legal.


Companies can gain direct access to SWIFT via a MA-CUG sponsored by their bank.
However, unlike SCORE, a company can only communicate with its sponsoring bank.
It has to join a MA-CUG for each bank with which it wants to communicate.




== See also ==
== See also ==
* [[Member]]
* [[SCORE]]
* [[Standardised corporate environment]]
* [[SWIFT]]
* [[Payments and payment systems]]


[[Category:Cash_management]]
* [[Base erosion and profit shifting]]
* [[POEM]]
* [[Tax avoidance]]
* [[Tax evasion]]
* [[Transfer pricing]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]

Revision as of 12:29, 18 December 2016

Tax

Tax payer action that reduces the taxable profit in a jurisdiction by shifting it to a jurisdiction where it will be taxed at a lower rate or not taxed at all.

This is generally seen by tax authorities as potentially abusive, even if legal.


See also