On Tuesday, October 6, 2015, Ian Andrews Corporation put out a detailed report written by George Freeman. The report brings attention to troubling news and shines a spotlight on many of the corporate acts going on in Brazil. One of the multiple methods of decreasing the cost of bills that was most preferred, according to Freeman, was the idea of giving their assets which are sold and distributed throughout the company’s various subsidiaries the wrong price.
The idea behind this is if a business based in Brazil were to pay higher prices to another business in another country that has a lower rate of tax, it could have a possibility to keep balance sheets which determines lower profits than what they have in higher taxed countries. Overall, this means that will lower what Brazil and surrounding countries can tax.