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In addition, Merck, another pharmaceutical company, agreed to pay for the IRS $2.3 billion o settle allegations of cibai. It purportedly shifted profits ocean. In that case, Merck transferred ownership of just two drugs (Zocor and Mevacor) along with shell it formed in Bermuda.
Defer or postpone paying taxes. Use strategies and investment vehicles to wait transfer pricing paying tax now. Don’t pay today what you might pay in the future. Give yourself the time use of one’s money. If they are you can put off paying a tax granted you hold the use of the money for any purposes.
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If you claim 5 personal exemptions, your taxable income is reduced another $15 thousand to $23,500. Your income tax bill is only going to be approximately 3200 dollars.
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