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It sells them to the next firm in the chain, charging VAT but not paying it to the taxman.
"In 2006, firms in Hong Kong were panic-hiring because they knew that if they didn't hire a guy, the next firm would," he says.
Last week, two decades to the day since the first privatised train service rolled into London Waterloo, the Department for Transport unveiled its shortlist for the next firm to run that same south-west franchise.
The court reasoned that there were sufficient grounds to believe that inducement occurred, and sent the case back to lower courts for trial.This has prompted much glum speculation by tech firms about who will be the next firm sued by the entertainment industry as a test case to clarify exactly how this week's decision applies to technologies that enable both legal and illegal use.
If you're an entrepreneur, use this downtime wisely to build your next firm.
Before you agree to follow your broker to his next firm, get details on his new firm, examples of research and full disclosure of fees and commission.
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The ongoing investigation into the auction-rated securities market by New York Attorney General Andrew Cuomo also contributed to Thursday's skittishness, after Cuomo said Bank of America, Goldman and Deutsche Bank are the next firms on the list in his intensifying industrywide probe.
Next Old Firm game - Celtic fans: "Two Andy Gorams, there's only two Andy Gorams".
But wait till the next big firm from, say, Dubai or China comes a-calling with a fistful of dollars.
Next stood firm amid heavy pre-Christmas discounting by rivals such as M&S and Debenhams last year.
Merrill Lynch put itself up for sale as the danger deepened that it could be the next big firm to be crippled on Wall Street.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com