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Governments Concerned that Some Corporations Unfairly Claim Losses to Avoid Taxes
August 30th, 2011
PARIS (OECD) – Due to the recent financial and economic crisis, global corporate losses have increased significantly. Numbers at stake are vast, with loss carry-forwards as high as 25% of GDP in some countries. Though most of these claims are justified, some corporations find loop-holes and use ‘aggressive tax planning’ to avoid taxes in ways that are not within the spirit of the law.
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