17 Dec
2003
17 Dec
'03
11:17 p.m.
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