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 […]
Apple
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 […]
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: ” […]