alt Hacker NewsYou might learn how tax havens work. Those of us familiar all went "Cyprus...shocker /s".
Deloitte Cyprus is a separate legal entity from all the other (separate, legal) Deloitte entities precisely so any consequences of tax evasion resulting from the...em...lax oversight in Cyprus don't impact all the other things called 'Deloitte'.
Replies
csomar • today at 1:55 PM
It is literally impossible to operate in any other way. We call them multinational but they just own the child company or the brand. If you operate at any country, your "parent" is irrelevant.
This isn't unique to Cyprus. Deloitte Global is specifically structured this way:
"The member firms are primarily organised on an individual country or regional basis and each operates within the legal and regulatory framework of its particular jurisdiction(s). They are separate and independent firms that have come together to practise under a common brand and shared methodologies, client service standards and other professional protocols and guidelines."
https://www.deloitte.com/ce/en/about/governance/network-bran...