AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
BUSINESS PRACTICES
Firms manipulate price, avoid tax
Tax losses from export-import price manipulation rose 18% to $53 bil from '00, said a study by two U.S. finance professors. Firms use "transfer pricing" to move income from the U.S. to foreign affiliates and out of the IRS' reach. Japanese tweezers were imported at $4,896 a unit; missile launchers were exported to Israel at $52 a unit.
AEROSPACE
Boeing: We're still in good shape
The aircraft maker says its continued profitability in this lousy travel market bodes well for when the economy rebounds. It's the first time Boeing has stayed in the black during a major downturn. The firm is betting airlines will make more flights on smaller planes, abandoning the hub-and-spoke model driving rival Airbus to build bigger jets.
TRANSPORTATION