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What is illegal transfer pricing?

Illegal transfer pricing can occur when affiliated companies trade with each other with the purpose of manipulating different geographic region for taxation purpose.In a New York Review of Books by Raymond Baker, an example is given as such. When a company A makes a product at a cost of $1000 and then sells it to company B for $1,000, then company...

A Wii in Kimpton Hotel

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Kimpton Hotel is one of the largest boutique hotel group in the US. Most people have heard of hotel chains like Marriot, Westin, Four Seasons and the like. Kimpton may not be a brand name to the mass market, but it had been ranked number one in customer satisfaction for 2009 by Market Metrix Hospitality Index and in fact won against Four Seasons,...

What is the dispersant used in the BP oil spill?

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The dispersant used in the BP oil spill is call Corexit and is manufactured by Nalco. Corexit is made up of 6 biodegradable ingredients that been determined safe for use by the EPA. Currently, it is been used by BP to break up the oil spill in the gulf. However, there has been some controversy of whether Corexit is more harmful to the...

The Billionaire Philantrophy Club

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The combined net worth of 2 of the world's richest man is more than $100B. These 2 richest man are Bill Gates and Warren Buffett. However, they do not plan to keep all the wealth for themselves nor for their children. Warren Buffett had made a pledge to give away 99% of his wealth with the majority of that going to the Bill & Melinda Gates...

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