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> mechanical power generators Well I never ... I wouldn't have thought that would be something the US would need to import ... > works of art Doesn't this r
by rusk 8y ago
> mechanical power generators
Well I never ... I wouldn't have thought that would be something the US would need to import ...
> works of art
Doesn't this refer to a lot of the branding work done by the likes of Starbucks, Amazon etc. which then get written off against tax or something (hence value is quite inflated).
- arethuza 8y agoI don't think the UK would be exporting Starbucks or Amazon branding?
- rusk 8y agoThey totally would. It's a tax thing. IP transfer happens between national operating units all the time for just this reason.
- arethuza 8y agoYes, transfer pricing - but that's how the parent companies would move profits from the UK to elsewhere by licensing their IP to their legal entities in the UK. Of course, it might be UK brands licensing their IP?