I'm reminded of a case study studied by an accountant I know: there was a high tax on import of shoes at the time. So business imported a shipment with only the left shoes. Declined to pay import duty and the shoes were confiscated. Few weeks late put up for auction.
Incredible ingenuity has been devoted to dodging bans and taxes, and the results are hilariouspic.twitter.com/QNAcSIVoCu
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They bought the left shoes at auction for a pittance to buy them back because.... who else has any use for a pile of just the left shoes. Meanwhile at another port they'd done the same with the right shoes. Massive saving on import taxes and shoes legally entered the country.
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Brilliant
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check out why some sneakers (chuck taylors) have felt on the bottom.
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Wow, definitely an US-only thing
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What is this from? Thanks!
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Related: importing vans with back seats installed, and then removing them, because passenger vans are taxed differently from cargo vans:https://www.autotrader.com/car-news/heres-how-ford-cleverly-got-transit-connect-past-i-268141 …
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Related to this is
@anneokrueger's point about the stop-and-go economic activity produced by protectionism in her 1998 discussion of why trade liberalization is good for growth https://www.jstor.org/stable/pdf/2566196.pdf …pic.twitter.com/QIz3J0Xdhx
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This is excellent, what book is this from?
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I think of the war on drugs and gun control. Serious issues but you can’t legislate against desire, culture or history.
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Coperthwaite as in John James Coperthwaite the British civil servant in Hong Kong?
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