Re: The cost of going off shore
With any luck, this sort of nonsense will encourage these business and departments to re-evaluate the cost of doing so. With any luck …
No such luck. As long as there is money to skim off for the CEx-segment, management will do whatever it takes to get at the trough! Who cares about the business or it's shareholders?
For example:
Businesses set up shop in China. To do this legally, the Chinese subsidiary has to be Chinese owned - the Chinese "partner" must by law hold at least 51% of the stock, the IPR owned by the "mothership", but used in China, must be signed over to the subsidiary - and there is exchange controls in place meaning "good luck getting you money out, should the situation require it!". All these assets are handed over "to be in China". And who cares? It's not the decision makers assets!