Rose George Quotes
Since the 1920s, when some U.S. cruise ships decided to fly a Panamanian flag to avoid Prohibition regulations, ships have commonly flown the flag of countries foreign to their owners. The benefits are obvious: lower taxes, laxer labor and safety laws.
George, Rose. Ninety Percent of Everything: Inside Shipping, the Invisible Industry That Puts Clothes on Your Back, Gas in Your Car, and Food on Your Plate. Metropolitan Books, 2013.
Samuel Langhorne Clemens, 1835-1910
Not all police take bribes from drug dealers and operators but many do. Of the minority who are corrupt, the drug dealers are the source of most of the money.
Inversion is an elaborate tax loophole whereby a large American corporation buys a tiny corporation in a country that has very low or no corporate income taxes. Once they own it, they Transfer the stock of the American Corporation to the small foreign corporation. Now the American corporation becomes a subsidiary of the foreign corporation whose headquarters is no longer in America. Then they move most of the profits to the “parent” corporation as most companies do. The difference is that the foreign corporation pays little or no taxes, and the American “Subsidiary” pays much less taxes than they used to pay. The have “inverted”—some say perverted--the ownership relationship. They do the same business that they did before in America, use America’s government services just as before, has America educate their workers as before, but they do not pay their fair share of taxes as before.
Rose George is a British journalist and author. She began writing in 1994, as an intern at The Nation magazine in New York City. Later, she became senior editor and writer at COLORS magazine, the bilingual "global magazine about local cultures" published in eighty countries and based first in Rome, then Paris, then Venice. In 1999, she moved to London and began a freelance career and has since written for the Independent on Sunday, Arena, the Financial Times, Daily Telegraph, Details, Bad Idea and others. Along the way, she has been war correspondent in Kosovo for Condé Nast Traveler magazine and was twice a guest at Saddam Hussein's birthday party. Until 2010, she was senior editor at large for Tank, a quarterly magazine of fashion, art, reportage, and culture based in London.
