[avandonk]

Alex I am sure that is the 'profit' on the final retail sale. Like all vertically integrated companies each subsidiary sells to the next and they claim all sorts of 'costs' to offset tax on profits. It is one very large shell game that all the multinationals play.

The same thing is done with mineral exports the material is sold to an overseas subsidiary at a ridiculously low markup. The large profit is then realized in some offshore tax haven.

If you do the sums we are paying them to take our minerals away.

If this is not true why do they have such complicated corporate structures that are truly labarinthine.

Bert