I'm in the middle of listening to "Invisible Trillions," by Raymond Baker. Leaving aside his weird insistence that "Capitalism is good actually," he has a section laying out how megacorps use shell game IP licensing & internal transfer transactions to move profit around in a way that avoids ever calling it "profit" & avoids basically all taxation & regulation. Could these non-cash investments serve a similar function? Avoiding taxation/reporting/regulation?
I'm in the middle of listening to "Invisible Trillions," by Raymond Baker. Leaving aside his weird insistence that "Capitalism is good actually," he has a section laying out how megacorps use shell game IP licensing & internal transfer transactions to move profit around in a way that avoids ever calling it "profit" & avoids basically all taxation & regulation. Could these non-cash investments serve a similar function? Avoiding taxation/reporting/regulation?