In effect, the financing arrangementallowed for no interest to accrue on certain furniture purchases financed through charges to a credit card issued to petitioner by a certain credit card company if the charges were completely paid by certain specified dates.
When the WTO Multi-Fiber Arrangement was allowed to expire in 2005, lifting quotas on hyper-competitive Asian economies, the effect on African garment producers was severe.
The company avoids UK tax by channeling non-U.S. sales via an Irish unit, an arrangement that allowed it to pay taxes at a rate of 3.2 percent on non-U.S. profits.