Maltese Dodge

From Malta to Yalta, watch my tax returns alta… From the NYT (Gift Article): How Malta Became a Tax Haven for Crocs and Other U.S. Companies. “Consider Crocs. One of the world’s most profitable shoemakers sells its signature chunky clogs to 150 million customers across 100 countries annually. Yet, come tax season, the Broomfield, Colo., company has claimed that all its global profits were actually earned in this two-person office. Welcome to Malta. The tiniest country in the European Union, with roughly the population of Milwaukee, it is home to turquoise water beaches and a raging nightclub scene. It is also the world’s hot new corporate tax haven.” (For those not in a position to appoint an attorney general, this is one way to lower a tax bill.)