Updated Feb. 4, 2014 at 10:05 a.m.

Premium Lock IBM uses Dutch tax haven to boost profits even as sales slide

Published: 2014-02-04 10:05:00
Updated: 2014-02-04 10:05:12

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IBM has reduced its tax rate to a two-decade low with help from a tax strategy that sends profits through a Dutch subsidiary. To boost earnings, IBM has bought back shares, sold assets, and fired and furloughed workers. A less prominent though vital role is played by its subsidiary in the Netherlands, one of the most important havens for multinational companies looking for ways to legally reduce their tax rates....

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