Individuals and corporations can immediately deduct interest and other expenses while only recognizing taxable gains when they sell assets, a form of tax arbitrage that facilitates tax shelters and low taxation for multinational companies.

Authors

• Person: Not available Organization: Tax Policy Center
  How Government Tax And Transfer Policy Promotes Wealth Inequality

Sources

• How Government Tax And Transfer Policy Promotes Wealth Inequality taxpolicycenter.org Tax Policy Center via serper

Referenced by nodes (1)

• tax arbitrage concept