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Bottom line, you have this tax system set up country by country around the world, because countries in the pre-global economy felt like they had a pretty exclusive lock on the tax system within their own borders. but now youve got this global capital sloshing around the planet, looking for tax havens where to park their assets. you can do it just by pushing enter on a computer, you dont have to physically do business there. the question is why are these companies officially on paper in these tax...

They didnt reveal that surprise until page 9. the trapeze from the old business to the new. from dvds in this case to online streaming. that dvds are fading. they still have higher profit margins though than the internet business. 50% versus 8% for that online stuff. that is because the companys quadrupled spending in only three years to get all this online stuff. the company now comes out and says, mea culpa. they said what we misjudged how quickly to move there from that trapeze and they said ...