They setup registered offices in countries which are tax free.
They accumulate losses and square them off with the future profits.
They spend money for purposes which qualify for tax rebates (CSR, Donations, Disaster Relief etc.)
They try to reduce taxes by increasing expenses (for example – trying to count non-business expenses as business expenses – not a legal way).
They show more income from revenue streams / sources / sectors which are tax free or tax subsidised.
They depreciate assets faster (if allowed by law) to reduce profit. (Depriciation concept is not ELI5)
They time the purchase of assets to get maximum depriciation deduction for the year.
They bargain with governments / countries and get subsidies for setting up factories / plants / businesses in those countries (in exchange of creating employment).
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