UM: Taxes

Bloomberg News reports on the practice of “transfer pricing,” a technique used by corporations to dodge an estimated $60 billion in U.S. taxes each year. The article quotes Reuven S. Avi-Yonah, director of the international tax program at UM’s Law School: “If multinationals cannot be prevented from shifting profits to low-tax jurisdictions, then it becomes impossible to maintain the domestic corporate tax base.” [Source]