Source rules” please respond to the following:you are the chief
Other methods include transferring ownership of certain assets or parts of the business outside of the United States which eliminates them from being taxable under U.S. laws; engaging in sophisticated accounting techniques that allow companies to shift profits around so they are taxed at lower rates; and exploiting loopholes within existing legislation (although, these should always be done with caution). Ultimately, while there are many ways for companies to legally minimize their tax liabilities, it is important not cross any legal lines since failure to comply with applicable regulations could result in serious penalties and other repercussions from authorities.