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 them.
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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. Read the rest
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. Read the rest
Jeff writes, "Combined, Washington State is providing Microsoft and Boeing $1 billion annually in tax breaks. Cumulatively, Microsoft's state tax has saved its shareholders $8.6 billion in costs. While the company quietly surpassed $1 trillion in all time revenue, its home state faces emergencies in education funding, homelessness, heroin addiction and escalating crime." Read the rest
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.
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RECOMMEND: Visit the TOM THE DANCING BUG WEBSITE, follow RUBEN BOLLING on TWITTER, and listen to him as he joins other Boing Boingers in select episodes of GWEEK PODCAST. Read the rest