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by SixSigma
3905 days ago
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You could call it "increased globalisation" but abusing transfer pricing was invented by the Vestey Brothers in the late 19th Century when they began importing beef from Argentina. They also invented the abuse of the offshore trust. The legislative arms race that evolved was the UK tax office trying to tax the Vesteys, who went on to be one of the UK's wealthiest dynasties. More info here: http://m.francisclark.co.uk/news-views/blog/the-vestey-broth... Plus ça change, plus c'est la même chose |
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