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  • Globalization, Greed and Outsourcing: Nothing More Than a Huge Trap  [View article]
    "As the Chinese production cost of the goods is lower than the cost would be in the Western world, the nominal profits are larger and the profit taxation is added to the Western import duties and local sales taxes."

    China has most favored nation status with the U.S. They have very low tariffs, therefore American taxpayers have been subsidizing the outsourcing to China. This means that the profit from duties and any taxes would be at best recouping money already spent. BTW, it is worse in the Free Trade zones.
    Dec 06 20:09 pm |Rating: +1 0 |Link to Comment
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