Cornered by Mike Baldwin for October 24, 2011
October 23, 2011
October 25, 2011
Transcript:
We no longer handle the contracting out part. We contract that out.
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The business now consists of letterhead with a prestigious 5th Avenue address, a board room (used four times a year), a receptionist’s desk (9-5, M-F), a file of incorporating documents (somewhere in Delaware), a website (maintained from New Delhi), and a bank account (Cayman Islands). They generated $5,000,000,000 in revenue last year, and paid $20,000 in taxes (the receptionist’s income tax).