5 ms·
You should see what the ownership graphs of most multinationals look like. I did an analysis of JP Morgan at one point and I kid you not the list of companies i
by jasonkolb 14y ago
You should see what the ownership graphs of most multinationals look like. I did an analysis of JP Morgan at one point and I kid you not the list of companies in small type with no formatting took 10 pages to print out.
For all the people who are saying that this is hacking the legal system you are correct. This is routinely done and I recommend you spend some time reading up on it, because it is fascinating.
For example, did you know that most cities are corporations?
- rbanffy 14y ago> I recommend you spend some time reading up on it I work for a portal that was recently acquired. The company who acquired the portal is, in part, owned by the same companies that own the telco that sold the portal, but the composition is different. I'm not even sure there are no cycles in the graph - it's perfectly possible some of the entities involved own themselves.
- arbitrarywords 14y agoThat's amusing. Can you have two companies that own each other? If so, how long does it take to finalize the books at tax time?
- rbanffy 14y agoI wouldn't try to form such a short cycle, but it would be fun to form a series of other cycles with the ownership graph in such a way that drawing the graph would give the prospective investigator a congratulatory message ;-)
- aneth 14y agoI would love to see that list of JP Morgan entities.
- antonej 14y agoThose complex entity structures are usually done for tax or accounting purposes rather than to evade liability, although that can sometimes be an added benefit.