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Piyu

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Nike's $4 Billion Tax Scam Nike has 2 companies: 1. ๐Ÿ‡ณ๐Ÿ‡ฑNetherlands - sells products, pays employees. 2. ๐Ÿ‡ง๐Ÿ‡ฒBermuda - has zero employees, but owns the Swoosh logo. Every time Nike sells a product, the Dutch company pays a royalty fee to Bermuda for using the logo. That means profits get shifted to Bermuda, where Nike pays 0% tax. This hack saved Nike over $4 billion in taxes.

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