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
- nQrux Secure Boot
- 4K/8K Multiformat IP supporting AV2 decoder
- Ultra Ethernet MAC & PCS 100G/200G/400G/800G
- Ethernet PCS 100G/200G/400G/800G/1.6T
- Ethernet MAC 100G/200G/400G/800G/1.6T
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
- A Repeatable Framework for Hardware Security Assurance
- Inside the SiFive Performance™ P570 Gen 3: High Performance Efficiency for Next-Generation Consumer and Commercial Applications
- What the steam engine can teach us about modern chip design
- Automotive silicon in the era of AI, functional safety, and cybersecurity
- JPEG XS Officially Joins GenICam, The Machine Vision Standard Managed By EMVA