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
- Ultra-Low-Power LPDDR3/LPDDR2/DDR3L Combo Subsystem
- Parameterizable compact BCH codec
- 1G BASE-T Ethernet Verification IP
- Network-on-Chip (NoC)
- Microsecond Channel (MSC/MSC-Plus) Controller
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
- Rivian’s autonomy breakthrough built with Arm: the compute foundation for the rise of physical AI
- AV1 Image File Format Specification Gets an Upgrade with AVIF v1.2.0
- Industry’s First End-to-End eUSB2V2 Demo for Edge AI and AI PCs at CES
- Integrating Post-Quantum Cryptography (PQC) on Arty-Z7
- UA Link PCS customizations from 800GBASE-R Ethernet PCS Clause 172