How US Companies Buy Tax Breaks

Bloomberg's Scarlet Fu talks about the trend of companies buying land overseas to save on taxes.

Apr 12, 2016
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Canadian Pacific trains sit idle on the tracks due to a strike at the main CP Rail train yard in Toronto, March 21, 2022. The first major railroad merger since the 1990s could be approved Wednesday, March 15, 2023, when federal regulators announce their decision on Canadian Pacific's $31 billion acquisition of Kansas City Southern railroad.
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This photo taken with a drone shows portions of a Norfolk Southern freight train that derailed Feb. 3, in East Palestine, Ohio, are still on fire on Feb. 4, 2023. A Senate committee is holding a hearing Thursday, March 9, to look into the train derailment in East Palestine.
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Canadian Pacific trains sit idle on the tracks due to a strike at the main CP Rail train yard in Toronto, March 21, 2022. The first major railroad merger since the 1990s could be approved Wednesday, March 15, 2023, when federal regulators announce their decision on Canadian Pacific's $31 billion acquisition of Kansas City Southern railroad.
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Multiple cars of a Norfolk Southern train lie toppled after derailing at a train crossing with Ohio 41 in Clark County, Ohio, March 4, 2023.
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This photo taken with a drone shows portions of a Norfolk Southern freight train that derailed Feb. 3, in East Palestine, Ohio, are still on fire on Feb. 4, 2023. A Senate committee is holding a hearing Thursday, March 9, to look into the train derailment in East Palestine.
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Multiple cars of a Norfolk Southern train lie toppled after derailing at a train crossing with Ohio 41 in Clark County, Ohio, Saturday, March 4, 2023.
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This is a locator map for the Suez Canal and the Sinai Peninsula in Egypt, with its capital, Cairo.
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This photo provided by the Phoenix Police Department shows stolen catalytic converters that were recovered after detectives served a search warrant at a storage unit in Phoenix, May 27, 2022.
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Federal Reserve Board of Governors member Christopher Waller in Washington, May 23, 2022.
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A view of the scene Friday, Feb. 24, 2023, as the cleanup continues at the site of a Norfolk Southern freight train derailment that happened on Feb. 3, in East Palestine, Ohio. On Tuesday, Feb. 28, in the wake of a fiery Ohio derailment and other recent crashes, federal regulators urged that freight railroads should reexamine the way they use and maintain the detectors along the tracks that are supposed to spot overheating bearings.
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Transportation Secretary Pete Buttigieg, left, and Tristan Brown, deputy administrator of the Pipeline and Hazardous Materials Safety Administration, crouch down to look at part of a burned traincar, Thursday, Feb. 23, 2023, in East Palestine, Ohio, at the site of a Norfolk Southern train derailment.
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