ViacomCBS Avoided Nearly $4 Billion in Tax on Franchises Like Spongebob and Star Trek: Report
Paramount Pictures has found a way to avoid paying taxes on franchises including Spongebob Squarepants, Mission: Impossible, and Star Trek by routing revenue from international licensing through a complicated network of foreign subsidiaries, according to a new study. Researchers with the nonprofit Centre for Research on Multinational Corporations, partially funded by the Dutch government, released…
