16. CORPORATE STRUCTURES AND TAX AVOIDANCE BY BASF: THE PLATINUM PERSPECTIVE

Christoph Trautvetter
Translated by Simon Phillips

Multinational corporations can use different forms of internal transfer pricing [...] to make adjustments [...] to their subsidiaries’ stated earnings [...]. Their principal motive is to hide information about where profits are being made and to balance out their losses – largely in order to pay less tax.

– Ernst Piehl1