Suggest a strategy to minimize the tax impact on foreign sourced income.
You are the Chief Financial Officer (CFO) of a multinational corporation. Suggest a strategy to minimize the tax impact on foreign sourced income. Support your strategy with examples.
You are a CPA working as a tax professional who was bribed by a U.S.-based multi-national company to help that company avoid paying income on U.S.-sourced income. Develop a scheme for the company to avoid tax on U.S.-based income so that it would likely not be discovered by the IRS.
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