Re: Everyone does it
It's nothing to do with profit/turnover. It's the use of mysterious costs that must be paid by the in-county subsidiary to the international parent as a way of minimising the subsidiary's taxable profits.
Sometimes its a "IP license fee". Sometimes its a brand licence charge. But always it's off the bottom line, hiding profit.
Once again, the Indian Government shows us soft lot how it should be done!
Biting the hand that feeds IT
