April 29, 2008

International trade practices

Filed under: Business, General Living, Shopping — Copa @ 4:11 pm

I really like sugary drinks and snacks, and I am all for keeping the costs of consumer products as low as possible.  That is why I was interested to learn about the practice of high seas trading.  High seas trading is a legal trading practice that saves the buyer from having to pay local sales tax on a product that they are buying, which helps to keep the costs down.  High Sea Sugar is an example of that.  The seller loads the product on their boat and leaves port.  Once the boat is in international waters the seller tries to locate a buyer for the product.  If the buyer is obtained after the boat is in international waters then the buyer avoids paying local sales tax on the product.

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