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Inside Elon Musk's Strategy To Shelter Tesla From Billions In US Taxes—Was Bernie Sanders Right? [Yahoo! Finance]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: Yahoo! Finance
Over the past two decades, Tesla has reported little to no U.S. federal tax liability in most years, largely due to deductions from prior losses and incentives tied to clean energy tax credits, Reuters reported. However, a review of Tesla's corporate filings by the publication revealed another significant source of savings. Tesla's subsidiaries in the Netherlands and Singapore reported $18 billion in untaxed profits. If not for profit shifting, a financial strategy that reallocates earnings across jurisdictions, these profits would likely have been declared and taxed in the U.S., which could have resulted in Tesla paying over $400 million more in U.S. taxes, the report said. Don't Miss: A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Still Learning the Market? These 50 Must-Know Terms Can Help You Catch Up Fast TM International is registered in the Netherlands as a non-resident partnership. According to Dutch regis Show less Read more
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