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  • In total publicly traded US Tech companies have stashed as much as 530 billion in offshore tax havens money that the US government may never see.

  • Fan favorite Microsoft operates five shell companies that hold nearly 93 billion in profit.

  • That's 29.6 billion in tax revenue up in smoke.

  • They've used some of that tax free profit to buy foreign companies like Nokia and most recently they burned 2.5 billion to buy Minecraft creator Mojang Oracle operates six shell companies where they pay a measly 4% tax on their 39 billion stash.

  • And google has operated as many as 25 shell companies in tax havens since no U.

  • S.

  • Taxes get paid on their $47.4 billion hoard.

  • These dollars truly become google bucks.

  • Make you want to vomit.

  • Well it gets worse.

  • In 2011, Dell's dutch subsidiary paid a 1/10 of 1% tax on two billion in profit.

  • The kicker, the shell company had zero employees.

  • Finally, famous watchmaker Apple has three irish subsidiaries for tax purposes.

  • As of 2013, 2 of these companies have zero employees yet altogether, they hold 69.7 billion in profits, which is 24 billion in taxes, Yep.

  • You guessed it Never paid.

  • Given these strategies, Apple's overall tax rate just keeps falling from 24.8% in 2009 to 14.7% in 2010 to 9.8% in 2011.

  • Meanwhile, it's become the world's most valuable company.

  • So this year when you're sacrificing your paycheck to pay your taxes, just think about all the ways you could turn that money back into profit if you are a big giant company.

  • Yeah.

  • Hey, and if you want more wired videos, just click subscribe.

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  • Yeah.

  • Mhm.

  • Yeah.

  • Yeah.

In total publicly traded US Tech companies have stashed as much as 530 billion in offshore tax havens money that the US government may never see.

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B2 tax shell profit wired paid company

GoogleやAppleの「税逃れ」の手口を解説 | Data Attack | WIRED.jp

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    林宜悉 posted on 2021/07/27
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