admin wrote:Don't cry for me Argentina. You just gave me a raise.
They are giving control of the central bank reserves to our favorite botox loving president, Cristina Kirchner. Can we start placing bets now on how long until the full implosion?
http://www.businessweek.com/news/2012-0 ... nk-charter
nwdiver wrote:They will be selling wine at production cost to new distributors (themselves) in several other countries, a skill one learned well in South Africa 30 years ago.
Andres wrote:nwdiver wrote:They will be selling wine at production cost to new distributors (themselves) in several other countries, a skill one learned well in South Africa 30 years ago.
"Transfer pricing" is an old practice, not done solely when there are capital or foreign exchange restrictions. It is a common practice to shift profits out of high-tax jursidictions to lower-tax jurisdictions.
Wikipedia has an article on it.
nwdiver wrote:Yes but get caught doing it in a civilized county and go directly to jail.
JHyre wrote:Transfer pricing is very hard to police. It requires significant government resources, including high-powered economists. As such, the odds of getting caught strike me as quite low, at least in a law-driven society, where things such as "evidence" are not mere niceties. Those types of audits tend to be highly concentrated where the use of recourses will pay off - with large companies. In societies where "law" has less meaning, "bribery" tends to have more. As such, I would see Argentines "playing the game", at least until our Latin Hillary cuts the Gordian Knot by directly seizing things sans the fig leaf of tax laws.
JHyre wrote:I am rather surprised that Revenue Canada has the resources to do that.
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