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An institute says in 1998, global tech employees received a wage of 24 cents an hour. that's less than 2% of u.s. wages at the time. the global tech document also advertised its low tax liability, being located in china, meant a lower overall effective tax rate than u.s. corporations paid at the time. the company also said the operations would not be subject to material united states taxes because it should not be considered to have significant income effectively connected with a trade or business in the united states. guy plays all the angles, doesn't he? so mitt romney, the presidential cand...

The fund-raising dinner in florida, but his account of visiting that factory is renewing interest in his investments in china. and a new report finds the conditions you just heard mitt romney describe, the long hour, the low wages, the dormitories filled to the brim, were practically the pitch that had him invest in a company in china back in 1998. the "the boston globe" reports on a document put out by global tech appliances, china based home appliance company, on april 8th, 1998. the document meant to attract investors noted the company used inexpensive labor and peak production periods requ...

Dormitoies for up to 3,700 workers. by way, the inexpensive labor is put it lightly. an institute says in 1998, global tech employees received a wage of 24 cents an hour. that's less than 2% of u.s. wages at the time. the global tech document also advertised its low tax liability, being located in china, meant a lower overall effective tax rate than u.s. corporations paid at the time. the company also said the operations would not be subject to material united states taxes because it should not be considered to have significant income effectively connected with a trade or business in the unite...