Corporate income tax software: ONESOURCE

Business | Motivation | News on Instagram: "Microsoft didn’t just build software it built a tax shelter. In the mid-2000s, the company funneled profits through a small factory in Puerto Rico. On paper, that site “produced” copies of Windows and Office. In reality, the code came from Redmond. But by routing intellectual property through Puerto Rico, Microsoft slashed its tax bill. Between 2004 and 2013, the strategy saved the company an estimated $4.5 billion each year. The trick was royalties. �