....... • 1m
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 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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Techsaga Corporations • 9m
🔍 Nike: A Case Study in Branding and Innovation 🔍 🚀 The Rise of a Global Powerhouse 🔸 Founded in 1964 as Blue Ribbon Sports, later rebranded as Nike. 🔸 Founders Phil Knight and Bill Bowerman aimed to create superior athletic footwear. 💡 Bra
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The Institute of Chartered Accountants of India • 2m
What is an ESOP (Employee Stock Ownership Plan)? ----- Explained. (Employee Perspective) Imagine your company gives you a chance to own a piece of the business. That’s what an ESOP is company shares reserved for employees like you. You don’t get
See MoreKeen Learner and Exp... • 1y
Rolex, we all have heard of this premium watch brand based in Geneva, Switzerland. But do you know that despite earning $11.4 billions in revenue and a profit of $1.1 billion it pays absolutely no taxes and is not actually a private company. Well Ro
See MoreBuilding WelBe| Entr... • 5m
Modern banking tech company" ZETA" announced it has secured a $50 million investment from a strategic investor valuing it at $2 billion. However, the SaaS company did not reveal the investor’s name. Zeta became a unicorn in May 2021 after a $250 m
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