Globalization 101:

November 5, 2012 § Leave a comment

Company A makes a product in China for $1 and sells it to Company B in the Caymans for $1.01.

Company B sells it to Company C in the USA for $100, which sells it to the public for $101.

Company A doesn’t make any profit.

Company B makes the profit but doesn’t pay any taxes.

Company C doesn’t make any profit.

All three are owned by the same investors.

This is globalization 101.

You would think a guy who wrote a book called Globalization would at least mention it, unless he’s on the side of the inv–oh I get it.

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