My understanding was that they <i>do</i> pay tax in the country that the profits are earned (unless of course the country has a 0% corporate tax rate), but that they don&#x27;t pay tax in the parent company until they repatriate.<p>If that is the case then I&#x27;m fine with it. I&#x27;m obviously not fine with tax holidays &#x2F; amnesties; but I consider that a different matter.