That's not the actual amount that they pay because the tax law is so complicated and there are so many loopholes.

但那并不是公司实际支付的税额,那是因为税法非常复杂并且有很多漏洞

耶鲁公开课 - 金融市场课程节选

I don't emphasize this cash sale of a company, but it does happen sometimes.

我没有强调公司间的现金买卖,但它是实际存在的

耶鲁公开课 - 金融市场课程节选

It's because they're changing enforcement of the taxes and changing amounts of loopholes, so most countries have a tax rate of about a third, but corporations are paying less than a third of their profits to taxes.

是因为政府改变了征税的强制措施,并改进了征税中存在的漏洞,因此大多数国家的税率都在三分之一左右,但是公司实际支付的税额都少于,他们利润的三分之一

耶鲁公开课 - 金融市场课程节选

They said, it's not going to work because you have to decide how much the house is insured for and then anybody--If you ever make a mistake and you insure it for too much, then the people who realize they've got one on the insurance company-- they've insured the house for more than it's worth-- they'll burn down their house and collect the money.

他们说，火险根本无法实施,因为你必须判断,这房子的保价是多少,一旦你出现了一些失误,保价评估得过高，那些意识到他们可能会从,保险公司赚利的人们-,即保险公司的保价高于房子的实际价值-,他们就会烧掉自己的房子来赚钱。

耶鲁公开课 - 金融市场课程节选