Nike's $4 Billion Tax Scam
Nike has 2 companies:
1. 🇳🇱Netherlands - sells products, pays employees.
2. 🇧🇲Bermuda - has zero employees, but owns the Swoosh logo.
Every time Nike sells a product, the Dutch company pays a royalty fee to Bermuda
I completely agree with Kailash. I also advise my clients to train their employees and empower them with AI, or the company risks falling behind in innovation.