If you live in the U.K., chances are high that you pay more in taxes than Facebook does. They just brought in $701 million globally, but they are not profitable in the UK. Hence, no taxes for young Mark Zuckerberg. The average U.K. worker pays almost $8,300 in taxes. Facebook tax bill was a mere […]
Cooperations
You be suprised what Apple Inc. greatest invention is…
Its not the iPhone, iPad or iTunes. No. Apple invented a tax-avoidance scheme known as the “Double Irish With A Dutch Sandwich,” which is now used by hundreds of other companies. Read this excellent article in the New York Times about how Apple is “avoiding” paying taxes via legal financial engineering. From the article: ” […]
Minimum wage – maximum tax
During my university education, we were taught that all what matters is shareholder value. The recent debate in the US about minimum wage is all about shareholder value. In human capital intensive industries (employing people is expensive and exhausting) shareholder value matters more than the people delivering the work being paid enough to live. Google […]
James Turk: We’re Living Within A Money Bubble of Epic Proportion
James Turk believes the time we live in now will be studied by future historians for generations to come. Just as we today marvel at the collective madness that resulted in the South Sea and Dutch tulip manias, our age will be known as the era when society lost sight of what money really is. […]
Media, Financial Institutions, Food Industry
Three quick facts you might want to know. 1) The processed food and unhealthy food that you consume on a daily basis is owned by the same 10 corporations. From this Reddit post, “The Illusion of Choice.” 2) 10 large American financial institutions hold 54 percent of America’s total financial assets. Source: according to this […]
Largest cooperations in the world
Here a list of the largest cooperations in the world (Source). Oli and Gas as well as automotive domniate this list. Exactly those companies that are for a good part responsible for global warming. I wonder who their largest shareholders are….. Ranking Company Industry Revenue (USD billions) FY Capitalization (USD billions) Employ 1 Wal-Mart Stores, […]