ViacomCBS dodged billions in taxes via schemes involving the Netherlands, new study says ...Middle East

Intricate offshore arrangements involving intellectual property rights allowed the American media conglomerate behind powerhouse entertainment franchises like “CSI,” “Star Trek” and the “Transformers” movies to skirt nearly $4 billion in corporate income tax in the U.S. and an additional $1.2 billion in the U.K., according to a new report from a Dutch research center. The investigation by the Centre for Research on Multinational Corporations (SOMO), a nonprofit center funded in part by the Dutch Ministry of Foreign Affairs, details ViacomCBS’s use of subsidiaries in the Netherlands over nearly two decades. ViacomCBS owns six Dutch entities that oversee the international licensing of movies a

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ViacomCBS dodged billions in taxes via schemes involving the Netherlands, new study says ...Middle East

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