Walmart Cayman Island

https://americansfortaxfairness.org/files/TheWalmartWeb-June-2015-FINAL1.pdf

For example, Walmart has Walmart USA Inc, and Walmart Cayman Island

Walmart Cayman Island Ltd. sign contract to buy a shirt for $5, and sell the shirt to Walmart USA for $20.  Walmart USA sell the shirt to consumer for $25.

So out of $25 paid by consumer, 

$5 goes to Walmart USA, that pays for stores and workers, and profit is 0, tax is 0. 

$15 goes to Walmart Cayman Island,  keeps $15 tax free. 

$5 goes to Chinese factory.  

$20 count as Chinese import, add to the trade deficit to USA. 

看明白了吗，还相信中美贸易逆差都被中国赚走了吗？