How companies like WeWork Affect Global Tax and Transfer Pricing

An article posted by Accounting Today has illustrated how large companies like WeWork are working to undermine some of the tax breaks countries abroad offer office operators. The article discusses how WeWork technically qualifies for tax breaks intended for much smaller businesses because of special wording and parameters of operation, In reality, WeWork is gunning for a USD 3 billion IPO which definitely should exclude it from any small business tax breaks, even international ones.

Depending on how WeWork is currently structured, there is a chance that the company may be able to shift income into places like the UK that offer tax protections that it can exploit. The link to the article can be found here.

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