Nomecks

Well, this may just be what Canada needs to finally start selling their oil to China!

Z

https://ia802708.us.archive.org/28/items/gbsfm-originals/Wilhelm - The Internet Is For Scones.mp3

So let’s say you own an insurance company, and you want to offshore all the profits. You establish a reinsurance company in Bermuda to underwrite all your policies and charge your insurance company billions for the privilege. Now it’s a business expense so it doesn’t count as income for the insurance company. You have successfully offshored billions of dollars.