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December 26, 2012
Facebook Shifted $700 Million to Cayman Islands in 'Double Irish' Tax Reduction Strategy
Press reports state that Facebook shifted more than $700 million to the Cayman Islands last year as part of its "Double Irish" tax reduction strategy.
- Business Insider, Facebook Funneled Nearly Half a Billion Pounds Into the Cayman Islands Last Year
- The Guardian, Facebook Paid £2.9m Tax on £840m Profits Made Outside US
- The Telegraph, Big Firms Play 'Double Dutch' to Skip on Tax
- The Telegraph, Facebook Defends its 'Double Irish' Tax Reduction Deal
December 26, 2012 in Celebrity Tax Lore, Tax | Permalink
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Comments
That's a very DNC-supporting and -supported firm. Why isn't it paying its "fair share"? Oh, I guess I already answered that.
Posted by: Roger Godby | Dec 27, 2012 12:45:47 PM
What no one, left or right, seems to grasp, is that socialism is far more rigged in favor of the super-rich than capitalism is.
'Rags to Riches' does not happen under socialism, but the richest are far more insulated under socialism than capitalism.
This is also why women vote for socialism (aside from the fact that money gets redistributed from men to THEM).... an oligarchy at the top makes it easy to figure out who to suck up to and who to get impregnated by. A capitalist system means the man who is at the top now may not be at the top 10 years from now. That makes a woman's reproductive decisions harder.
Posted by: TTT | Dec 28, 2012 3:10:34 AM
