Our company, headquartered in Germany, employs currently around 1200 employees, 500 of which are based in foreign subsidiaries.

我们公司总部设在德国，目前员工大约在1200人，500人分布在设在国外的各个子公司。

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Under the competing territorial or exemption system, a country taxes a company only on profits earned at home; dividends paid by foreign subsidiaries are exempt.

在地域体系和免税系统内，国家对公司课税都是在国内获得的利润，对从国外获得分红是免税的。

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In the same month Britain unveiled a budget that, like Ireland's, promised to clobber wealthy individuals but, like Japan's, exempted dividends paid by foreign subsidiaries from tax.

同一个月英国也像爱尔兰一样发布了一项预算，承诺对富人加重征税，但是像日本一样也免除了从海外的分红所要交的税。

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To avoid this, many U.S. companies have kept the profits of foreign subsidiaries offshore.

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At issue are foreign subsidiaries that U.S. multinationals use to manage their overseas operations.

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They could also avoid tax on the dividends they bring home from foreign subsidiaries.

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