Thursday, 23 May 2013

Playing fair

There's an infamous saying that goes "Nothing is certain but death and taxes".

Well, no-one has yet managed to cheat death but there sure are plenty of commercial giants that rort the tax systems of the world.

Currently one particular bad fruit  is being quizzed by the US Senate as to  how they could earn $22 billion through an Irish subsidiary, yet paid only $10 million in taxes.

They're certainly not alone in this flagrant abuse of their corporate power.  However, they are the most valuable company in the world and if you were looking for a reason to loathe them, well . . . personally, I'm well beyond the loathing stage.

Senate panel asks for explanations (NZ Herald)

You can ask but you won't necessarily get an answer (TheVerge)

Highly questionable behaviour, again (Guardian)

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