The tax dodging practices of the tech giants: a comparison
View this post on Hive: The tax dodging practices of the tech giants: a comparison
I've moved to Hive, along with most other people, following Justin Sun's takeover of Steem in the Spring of 2020. I believe hive is a lot more decentralised than Steem!
I suppose I'm going to be "that guy" today.
Income tax to sales is a meaningless metric. As in, literally gives you no useful information. Different businesses have different cost structures.
Taxes are paid on profits, with adjustments made through credits. So that is where any analysis needs to begin.
So you might argue that the 444 GBP administrative expense is illegitimate. That's possible. If there are misstatements or illegal games being played to lower the profits artificially then that's a reasonable point of contention.
Chances are though that everything was done legally. That's what the corporate lawyers are paid for.
Taxes are for poor people
A simple yet effective comment.. x
Posted using Partiko Android
On this evidence it would appear so!
Posted using Partiko Android
I'm not surprised one bit. Its kind of sad that this is expected.
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