From: Lyle_Seaman@transarc.com
Date: Mon, 7 Mar 94 07:33:45 PST
To: sandfort@crl.com>
Subject: Re: Corporations
In-Reply-To: <Pine.3.87.9403012247.A28596-0100000@crl.crl.com>
Message-ID: <khSoXy2SMUw8MQcxVl@transarc.com>
MIME-Version: 1.0
Content-Type: text/plain


Sandy Sandfort <sandfort@crl.com> writes:
> On Tue, 1 Mar 1994, David L Womack wrote:
> > then, is offshore.  My understanding is that 
> > corporate earnings are subject to the host 
> > country's tax, NOT U.S. tax.  And, tax waivers
> > are not difficult to get from these other countries.
> 
> Yup.  And a variation of this is what's called double
> invoicing.  It's one of the things that made Hongkong
> great.

Now, knowing all this, every reader of this list should be **deeply**
suspicious of any official "trade deficit" figures.

Lyle