Rockstar Games made £4b between 2013-19, paid no corporate tax in the UK, claimed £42m in tax relief

Multinationals are excellent players of the global financial tax system, using "profit shifting" (through which operating profits are remitted to phony sister companies in tax havens as "licensing fees" or "management fees") to make it look like wildly profitable companies are losing money, making them eligible for tax relief and rebates -- thus it is that companies can rake in billions and then receive millions more in corporate welfare. Read the rest

The UK grew rich by looting the world; now it launders billions for other looters

The British empire was a globe-spanning criminal enterprise that produced vast riches for England (and, to a lesser extent, Scotland and Wales) by stealing the lands of others while slaughtering and enslaving them; today the empire is in decline and the UK is no longer reliant on direct looting. Read the rest

Seasteading meets the shock doctrine in Puerto Rico, where ethnic cleansing precedes Going Galt

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. Read the rest

"Golden Geese": the American 1%ers who arrange a second citizenship to escape taxation

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

UK inequality: top 1% owns more than bottom 20%

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

Amid education funding emergency, Washington State gives Boeing, Microsoft $1B in tax breaks

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

Uber assigns "its IP to Bermuda, leaving less than 2% of its revenue taxable by the US"

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. Read the rest

TOM THE DANCING BUG: "Lucky Ducky," Featuring Hollingsworth Hound, Who Must Decide Where to Send His Money on Vacation

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