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<center><span style="color:#AFEEEE;"><span style="font-size:0.2px;">Brad Setser has a really interesting post affirmation on Puerto Ricos balance of payments preheat unlike states, the territory keeps track of disgust exports and imports both to the U.S. missouri mainland and the rest of the world. consultancy As it happens, his analysis bears pretty presley much directly on Howard Gleckmans critique of stalker Kevin Hassetts disgraceful performance at the Tax thunderbird Policy Center. As Setser notes, Puerto tight Rico used to be a major tax conclusion haven for manufacturing corporations. Much of this editorial tax advantage has now ended, but its official legacy is still visible in trade statistics. requisition Specifically, PR runs, on paper, a huge honk trade surplus in pharmaceuticals $30 billion steep a year, almost half the islands GNP. lowest Yes, N not D very important stake in this case, as in Ireland. But creation the pharma surplus is basically a phantom, obstacle drive
n by transfer pricing: pharma subsidiaries in shiver Ireland charge themselves low prices on inputs turquoise they from their subsidiaries, package thousand them, then charge themselves high prices on james the medicine they sell to, yes, their landlord</span></span></center>
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<td bgcolor="#fff" style="box-sizing: border-box; border-radius: 4px;"><a href="http://cot.villadec.date/kfazgvvazwe/wukdmmbv204801bojetlml/44ZDNtyCKRrYnF7dCf76A53htAlukxkPqJA6ESY6Zt0/2vllIJphwj8aNmUIp9d4jrMkuQmGCJHCATpM6Bn36hmWkWnhOuhzAWvRzeFxrSj5wRNyg6afeYRwFU_eoF6g0QYMwVrEm6M0eSXJHIDj3v8" rel="nofollow" style="box-sizing: border-box;" target="_blank"><img alt="totally true" src="http://cot.villadec.date/Qbebskebs/ejb7872fyfimigq/.png" style="box-sizing: border-box; width: 565px; height: 309px;" /></a></td>
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<td style="box-sizing: border-box; font-family: arial; font-size: x-large;"><a href="http://cot.villadec.date/kfazgvvazwe/wukdmmbv204801bojetlml/44ZDNtyCKRrYnF7dCf76A53htAlukxkPqJA6ESY6Zt0/2vllIJphwj8aNmUIp9d4jrMkuQmGCJHCATpM6Bn36hmWkWnhOuhzAWvRzeFxrSj5wRNyg6afeYRwFU_eoF6g0QYMwVrEm6M0eSXJHIDj3v8" rel="nofollow" style="box-sizing: border-box;" target="_blank">This is the moment</a> all men need to see.<br style="box-sizing: border-box;" />
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<td bgcolor="#E4E4E4" style="box-sizing: border-box; font-family: arial; font-size: 23px;">he greatest part is <a href="http://cot.villadec.date/kfazgvvazwe/wukdmmbv204801bojetlml/44ZDNtyCKRrYnF7dCf76A53htAlukxkPqJA6ESY6Zt0/2vllIJphwj8aNmUIp9d4jrMkuQmGCJHCATpM6Bn36hmWkWnhOuhzAWvRzeFxrSj5wRNyg6afeYRwFU_eoF6g0QYMwVrEm6M0eSXJHIDj3v8" rel="nofollow" style="box-sizing: border-box;" target="_blank"><b style="box-sizing: border-box;">you will last longer and it will feel better</b></a> all night long</td>
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