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From: Anne & Lynn Wheeler <lynn@garlic.com>
Newsgroups: alt.folklore.computers
Subject: Re: Qbasic - lies about Medicare
Date: Tue, 08 Mar 2016 08:18:33 -0800
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Anne & Lynn Wheeler <lynn@garlic.com> writes:
> The latest gimmick is that the subsidiary (where the profits are being
> booked) is moved offshore ... so the profit shows up in an extremely
> attractive tax haven.
> http://www.garlic.com/~lynn/submisc.html#tax.evasion


Democrats and Republicans Are Quietly Planning a Corporate Giveaway --
to the Tune of $400 Billion
http://www.thenation.com/article/democrats-and-republicans-are-quietly-planning-a-corporate-giveaway-to-the-tune-of-400-billion/

one of the poster child is heavy equipment maker that makes, sells, and
delivers in the US; it changes to selling at cost to a new distributor
subsidiary in Luxembourg, which sells to the buyers in the US (the
equipment never leaves the US, delivered directly from US plant to US
buyer. The difference is nearly all the profit is booked with the
distributor Luxemberg (where trivial tax has been negotiated)
http://www.icij.org/project/luxembourg-leaks

-- 
virtualization experience starting Jan1968, online at home since Mar1970