Arm helps Softbank to a tax-free year
October 21, 2019
Arm helped its owner Softbank reduce its tax bill to zero in a stratagem which Japan’s taxman is looking to shut down for the future, reports the Nikkei.
The tax trick is to transfer a subsidiary’s core business to the parent, sell off the company for a cheap price to a subsidiary and then set the difference between the purchase and sale prices as a loss against taxes.
In March 2018, a three-quarters stake in Arm’s core business – Arm Ltd – was transferred to the Softbank parent company. This depressed Arm Holdings’ value.
To read the full article, click here
Related Semiconductor IP
- LPDDR6/5X/5 PHY V2 - Intel 18A-P
- ML-KEM Key Encapsulation & ML-DSA Digital Signature Engine
- MIPI SoundWire I3S Peripheral IP
- ML-DSA Digital Signature Engine
- P1619 / 802.1ae (MACSec) GCM/XTS/CBC-AES Core
Related Blogs
- Stormy Last Days At Arm Under Softbank Ownership
- TSMC UMC Lead Semiconductor Recovery - Record Year in 2010
- DRAM vendors look to 40nm process technology to keep DRAM profits flowing next year
- Ten Fastest Growing IC Product Segments This Year
Latest Blogs
- Why What Where DIFI and the new version 1.3
- ML-DSA explained: Quantum-Safe digital Signatures for secure embedded Systems
- Efficiency Defines The Future Of Data Movement
- Why Standard-Cell Architecture Matters for Adaptable ASIC Designs
- ML-KEM explained: Quantum-safe Key Exchange for secure embedded Hardware