^ Whoa, Herman, a wall of text ... I can't read that!

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^^ Tax, I can't agree with you on this one.

While being 'legally' right, it's certainly morally wrong.

We need to change/tighten our laws to shift from what was the Law to what should be the Law.


Take the example of a Nike shoe being sold in Australia ...

The company’s own filings show that Nike has only paid tax of 1.4 per cent on accumulated global offshore profits of $US12.2 billion.
But how do they do it?

Here is the storybook and well worth a look, takes about 3 mins ... Paradise Papers: The surprising journey your money takes after buying a pair of Nikes - ABC News (Australian Broadcasting Corporation)

It’s a game called “profit shifting” and it makes tax officials — and the public — angry that profits are moved from high-tax countries to very low-tax countries.