Why become a multinational?

Why become a multinational?

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  • How can a business become a MNC by taking advantage of government support in host countries?
  • Consumer
  • I want to expand my business but taxes are really high in Colombia!
  • Business owner
  • Candy business
  • The corporate income tax rate in Colombia is 33%.
  • What could I do to reduce corporate taxes if they are fixed in my home country?
  • Cayman Islands does not have any corporate taxes, therefore it is a famous tax haven for businesses. 
  • I know! I will have one of my main headquarters in the Cayman Islands! 
  • Although head quarters are changes to a tax haven, multinationals usually continue operating in their home country.
  • What about us? Will we be unemployed?
  • Employees
  • Of course not! The store is not closing! 
  • Candy business
  • This is called tax avoidance, which is legal. Evading taxes is illegal. 
  • Cayman Islands
  • I have minimized tax liability within the law!
  • Government
  • Although corporate taxes are avoided, other ones from the Colombian head quarters must be payed to the government.
  • I still have to pay some taxes in my home country.
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