Delta Air Lines could potentially set up a non-US subsidiary housing its international operations and joint ventures (JVs) to reduce the amount of US taxes it pays, according to a Wall Street analyst report. In a report issued Nov. 6 by New York-based Wolfe Research, the firm says Delta senior management has several times hinted in analyst calls that it was working on a tax strategy and Wolfe believes it will announce that plan in December. Delta declined to comment on the report, but did ...

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