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This page contains all of the posts and discussion on MemeStreams referencing the following web page: Toy's R US pays itself for mascot to avoid taxation. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

Toy's R US pays itself for mascot to avoid taxation
by Decius at 5:56 pm EST, Dec 11, 2003

] Geoffrey Inc. is a subsidiary owned by Toys "R" Us.
] Geoffrey owns various trademarks and rights including the
] giraffe character, and Toys "R" Us stores pay royalties
] to Geoffrey. Because those royalties are business
] expenses, they are claimed as deductions that escape
] Louisiana taxation. Geoffrey pays no state taxes because
] it is incorporated in Delaware.

This would be hillarious if it wasn't an example of the ethics of the management of our publically traded companies...

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