The foreign business incentives in this country can help double your income.

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Source: The foreign business incentives in this country can help double your income. | Sovereign Man

By Simon Black

Yesterday I spent all afternoon meeting with government officials here in the Philippines, and I’m still in shock. I’ll explain–

About a year and a half ago I purchased a fairly large manufacturing business that is oddly enough based in Australia.

It’s been a fantastic investment so far, primarily because it generates so much cashflow relative to the price I paid.

With big public companies listed on a major stock market, it’s not uncommon to pay 20x, 50x, even more than 100x a company’s annual profits.

For example, as I write to you early in the morning here in Manila right now, Amazon’s stock sells for 180x its annual profits.

In other words, if you were theoretically to acquire 100% of Amazon’s shares, at current levels it would take you 180…

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