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 […]
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 […]