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The ability to shift profits to low-tax countries by locating intellectual property in them [â¦] is often assumed to be the preserve of high-tech companies. [â¦] current tax rules make it easy for all sorts of firms to generate [â¦] âstateless incomeâ: profit subject to tax in a jurisdiction that is neither the location of the factors of production that generate the income nor where the parent firm is domiciled.
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an Entity references as follows: