As I said elsewhere, it’s easy to rig the numbers to show low profits. For example by paying your parent company in another country high franchise fees.
thats not “rigging” and you have no proof thats being done. There is regulation that states payment for services from a parent by a subsidiary must be market rate. If that didnt exist susidaries would be able to get free services from a parent company and that would be anti competitive and generate less tax.
I don’t have access to it but the proof is supposedly there in the tax filings. Having said that there is 100% probability they are paying their parent companies license fees and franchise fees.
in any case 402 million in revenue for a business who does nothing but clip tickets means there should be lot more profit and lot more taxes paid.
As I said elsewhere, it’s easy to rig the numbers to show low profits. For example by paying your parent company in another country high franchise fees.
thats not “rigging” and you have no proof thats being done. There is regulation that states payment for services from a parent by a subsidiary must be market rate. If that didnt exist susidaries would be able to get free services from a parent company and that would be anti competitive and generate less tax.
I don’t have access to it but the proof is supposedly there in the tax filings. Having said that there is 100% probability they are paying their parent companies license fees and franchise fees.
in any case 402 million in revenue for a business who does nothing but clip tickets means there should be lot more profit and lot more taxes paid.