We got a partial win – Apple is ordered to pay back taxes. Big thanks to our new hero Margrethe Vestager. Make sure to send her a thank you tweet and tell her to go after the others. We found another hero – Nick Hanauer. He is a multi-billionaire and he wrote this piece, we love it so […]
Taxes
Open up the offshore tax havens to EVERYBODY!
Why can’t we all use tax havens? Why is it only multinational cooperations and really rich individuals that are able to use small islands in some warm place to stash away all their profits so they never have to contribute to our society? Apple could easily pay for 70% of the Us Federal budget for […]
Am I Weird When I Say That Wealth Inequality Is Dangerous?
Oxfam said that the wealth of the poorest 50% dropped by 41% between 2010 and 2015, despite an increase in the global population of 400m. In the same period, the wealth of the richest 62 people increased by $500bn (£350bn) to $1.76tn. Mark Goldring, the Oxfam GB chief executive, said: “It is simply unacceptable that […]
Guess who paid less taxes than you?
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 […]
The only person paying taxes is?
YOU! The multinationals supported by an army of lawyers, tax advisors, accountants (the big 4) and bankers pay next to nothing. Guess which country plays a key role in all of it? The Netherlands. Below a link to a Dutch documentary about the system multinationals have setup to avoid taxes or neutralize taxes (=no taxes). […]
$18.04 billion in profit and the tax bill is?
In Apple’s case it is neglectable if not “ZERO”. Last week Apple Inc. announced the best quarter in company history. They just blew it. They deserve it. They changed the world one iPhone a time. I am a big Apple fan. Our household owns three MacBooks, one MacBook Air, one IMac, Two iPhones, one iPad. […]
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 […]
Polar Vortex & Global Warming
For me it is clear that the extreme weather in the US is caused by global warming and CO2 emissions and other factors. John Holdren, President Obama’s science adviser, says in the video: “If you’ve been hearing that extreme cold spells like the one that we’re having in the United States now disprove global warming, […]
Interview: Paxman vs Brand
Russel Brand is an English comedian, actor, radio host, and author. This interview is funny and inspiring. Russel says: “People in the first time of a generation are aware of a massive corporate and economic exploitation.” See the interview for more statements. More Russel Brand below. My favorite quote from the video: “The only reality that […]