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TECHLASH JAMNAURACRHY 22001188
and slowly. ...Since 1970, it’s entirely ipped. Now technology is 99% about shareholder value and 1% about the betterment of humanity...
Should we break them up because they avoid taxes? [Apple is] effectively paying a 4% tax rate on pro ts held overseas. Apple is not alone here. Amazon has paid $1.4 billion in taxes since the Great Recession, [while] Walmart has paid $64 billion.
What does it mean when the most successful companies in the world don’t pay taxes? [It] means our re ghters our soldiers and our roads [were] paid by companies that are less successful. Our tax system has basically become a regressive structural economic system that holds back the small and medium-sized businesses.
BIG PROFITS, SMALL PAYBACKS
Source: Esquire, Scott Galloway, 02/08/18
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