00:00A global corporation makes billions in your city but pays zero in local taxes.
00:05They achieve this by charging their own stores a fee for using their logo.
00:10That famous logo is legally owned by a shell company in a Caribbean haven.
00:15This entity exists only on paper to collect massive checks from domestic branches.
00:21Every time you buy a product, part of that money becomes a royalty payment.
00:25These payments are sent offshore before the government can ever calculate the profit.
00:31This royalty is a deductible expense that wipes out the tax bill they owe.
00:35They effectively pay themselves rent for a name they already created and own.
00:40While your local stores pay for roads, these giants license their own identity.
00:46Your neighbors fund the public services while the megacorp simply opts out.
00:50The money never actually leaves the corporate ecosystem, it just changes legal homes.
00:56This accounting magic turns taxable domestic income into non-taxable offshore royalty fees.
01:03Your personal income is taxed before it ever touches your private bank account.
01:07Their profits are redirected through intellectual property loops to ensure zero liability.
01:13Governments allow this intellectual property shell gain while raising taxes on your essentials.
01:19Lawmakers write rules that permit intangible assets to hide very tangible wealth.
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