5min chapter

My First Million cover image

Kim Dotcom's Millions From Megaupload, Million $ Panic Attack App, and Million $ Waterproof Shoes

My First Million

CHAPTER

What Is Shell Corporation?

Companies like Nike, Apple and Facebook have huge companies. They can shift profits so that they're taken in another country to use a lower tax rate. In the United States, the law says if the company is incorporated somewhere else, it should be taxed in that country. But what these companies do is like, I'll give you an example of Nike. It's right under Shell Corporation. When we have to talk about it Actually, they're related.

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