Category: business / corporates

the $9 billion debt is growing by more than $1 million a day, because of interest.

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A dying Irishman went for one last big score in Nigeria. The project failed, but a London tribunal says his company’s owed $9 billion and counting.
Source: Is One of the World’s Biggest Lawsuits Built on a Sham? – Bloomberg

The case is indicative of the “deal with the devil” that jurisdictions make when becoming a tax haven, says Alex Cobham, CEO of the Tax Justice Network, an advocacy group. “You’re agreeing to provide terms that multinational companies or the Big Four accounting firms or major tax law firms are demanding,” he said. “Once you start down that road and attract a certain amount of that business, you’re then much more vulnerable to the next request because you know that any benefits you’re getting can go away jus

Source: Sequoia Capital’s scheme to use Mauritius to avoid Indian taxes — Quartz

Electric cars will drop in price just like television.

Gupta advances plans to make niche electric cars in Australia by 2020 | The Driven

“I have read and agree to the Terms” is the biggest lie on the web. We aim to fix that.

@Amazon (reference: How Silicon Valley Puts the ‘Con’ in Consent)

Source: Terms of Service; Didn’t Read