Nike did this through a Bermudan subsidiary, Nike International Ltd, which held the company’s intellectual property rights for its sneaker brands – the crown jewels of the Nike empire. Nike did this through a Bermudan subsidiary, Nike International Ltd, which held the company’s intellectual property rights for its sneaker brands – the crown jewels of the Nike empire. This involved moving the company’s intellectual property from Nike International Ltd in Bermuda to yet another subsidiary, Nike Innovate CV. Nike Innovate is not being taxed anywhere else, either. Photograph: NikeSo, Nike Innovate CV is a treasure indeed.

Source: The Guardian November 06, 2017 18:15 UTC