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Subject:  Re: Bush&Cheney: Ooops, I did it again! Date:  12/19/2008  6:25 AM
Author:  taxlibrary Number:  54091 of 54111

Setting up a subsidiary in a tax haven does not entail tax evasion.

Lying about the income of that subsidiary, or not declaring that income for tax purposes in the holding company's country of residence is, however, criminal tax evasion.
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