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Article Date: November 2017
Word Count: 344

Paradise Papers Show Nike Paid Little Tax on Overseas Profits

The millions of documents leaked from Appleby, an international law firm that was hacked, to the International Consortium of Investigative Journalists details the tax strategies of many major U.S.-based global firms and found that the Eager Beavertons paid just 2-3% in taxes on their overseas business, thanks to a tax strategy called the Double Irish Dutch Sandwich. Virtually all of Nike’s business overseas is funneled through a series of tax havens located in Ireland, the Netherlands and Bermuda with only royalty rates licensed by the U.S. parent subject to any tax. As a result, the E.B.s have been able to ... Log in to view full article.


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