Like many other corporations, Airbnb and Uber use offshore shell companies to avoid taxes. The companies aren't profitable yet, but they have set themselves up to avoid taxes once they become profitable.
For years, pharmaceutical and tech companies including Pfizer, Merck, Google, and Apple have slashed their U.S. federal tax bills by using offshore tax havens and shifting profits abroad. Airbnb and Uber are starting to extend this strategy across vast new fields: PricewaterhouseCoopers estimates that sharing-economy businesses generated $15 billion in revenue in 2014 and will take in $335 billion in 2025, growing largely at the expense of companies that pay billions in U.S. taxes.
Bloomberg: The Sharing Economy Doesn’t Share the Wealth
Naomi Klein's l(ooooo)ongread in The Intercept about the state of play in Puerto Rico is the comprehensive summary of the post-Maria fuckery and hope that has gripped America's colonial laboratory, the place where taxation without representation, austerity, chemical weapons, new drugs, and new agribusiness techniques get trialed before the rest of America are subjected to […]
David Lesperance is a Canadian-born lawyer who specializes in helping the super-rich secretly buy foreign citizenship so they can escape taxation at home.
Oxfam has released the latest version of its ongoing series of analyses of the relative net worth of the very richest when compared to the very poorest: in this case, they found that the top 1% of Britons own more wealth than the bottom 20% of Britons combined.
The human eye is a powerful thing, but it’s not so great at seeing in the dark or around tight spaces, which is partially why most of us struggle with unplugging drains, cleaning under the fridge, and other hard-to-reach jobs. This 1080p HD Waterproof WiFi Wireless Endoscopic Camera, however, gives you the flexibility necessary to get […]
Macs are undeniably some of the most versatile computers on the market, but they can do so much more than what their stock apps allow. For those looking to get the most out of their Mac hardware, the Pay What You Want 2018 Super Mac Bundle features 10 of the industry’s top apps, including photo editors and […]
Salesforce has reinvented the way companies manage customer information, close deals, and ultimately drive revenue, so it should come as no surprise that it’s one of the more valuable skills you can list on your resume today. In fact, according to research from Burning Glass, this platform is now the 7th most in-demand software skill, beating out […]