I believe Nike’s corporate headquarters is in Oregon.
True, a tax free country, if you are a consumer. No state sales tax. But still corporate income tax.
Quote from The Institute of Taxation and Economic Policy whoever they are it was just the first thing that popped up:
"One way Nike manages this low U.S. tax rate is by shifting large portions of its domestic profits into offshore tax havens. As of 2016, Nike had $12.2 billion in offshore profits"
Link to full "Fact Sheet": https://itep.org/fac...-tax-avoidance/
I just feel like I saw a doc forever ago that said the name and logo was owned offshore and that it's license fee was like 95 percent of the cost of a shoe shirt whatever, but hey, I'm not knocking them. If a loophole exist, use it.
Edited by jrmacl, 15 April 2025 - 12:00 AM.