tag:blogger.com,1999:blog-1110014885778996459.post8318468012728285665..comments2024-03-29T00:04:36.144-07:00Comments on Idiosyncratic Whisk: Housing: Part 215 - Ownership in Closed and Open AccessKevin Erdmannhttp://www.blogger.com/profile/07431566729667544886noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1110014885778996459.post-42052979906126540062017-03-29T20:53:16.741-07:002017-03-29T20:53:16.741-07:00Sure. This is happening. Those would count as im...Sure. This is happening. Those would count as imports, and it is possible that some of the profit is counted in overseas operations. I think this is generally considered to be part of what is going on. But, I suspect that while much of the production and import activity would look like this, a disproportionate amount of foreign profits would come from the information sector firms like tech or finance firms.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-61628110482033146082017-03-29T20:29:25.169-07:002017-03-29T20:29:25.169-07:00Great blogging.
OT question:
Okay, in the past ...Great blogging.<br /><br />OT question: <br /><br />Okay, in the past you have said US-based companies have very profitable overseas operations. This seems to suggest money pouring into US-based companies' offshore operations. <br /><br />But what about this: WidgetMaker A Co. makes widgets in US, sales $1 billion a year, profits $100 million. <br /><br />WidgetMaker A opens plant in China, shuts down US plant, still sells product in US, but due to newer, better plant and low-cost labor, now profits are $200 million a year. <br /><br />Does this show up as "overseas profits" on the books? What if WidgetMaker banks the profits offshore? <br /><br /><br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com