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Marcin Jamroży

by the type of business structure created. A tax analysis of foreign direct investment (FDI) has revealed that the creation of a permanent establishment is morę fiscally profi-table than the creation of a separate legał entity (subsidiary). The income of a permanent establishment is not subject to economic double ta.\ation. In addition. there is morę flexibility with a pennanent establishment in other areas of decision-making such as fi-nancing, intemal dealings or the settlement of losses.