Category: business / corporates

When Apple’s efforts to reduce its taxes around the world came under fire in Congress a few years ago, CEO Tim Cook fired back. “We do not depend on tax gimmicks,” Cook said. “We do not stash money on some Caribbean island.”
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The world’s most profitable firm has a secretive new structure that would enable it to continue avoiding billions in taxes, the Paradise Papers show.
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Apple sidestepped a 2013 crackdown on its controversial Irish tax practices by actively shopping around for a tax haven.
It then moved the firm holding most of its untaxed offshore cash, now $252bn, to the Channel Island of Jersey.

Sources:
Paradise Papers: Apple’s secret tax bolthole revealed
Apple Avoiding Billions in Taxes With Island of Jersey Plan

To this day, Jack Dorsey doesn’t realize the size of the bomb he’s sitting on. Or if he does, he believes it’s metaphorical. It’s not. He is utterly unprepared for the burden he’s found himself responsible for.

What happens when the thing that might save you is also the thing that might destroy the world? What do you do? Where does your responsibility lie?

Twitter set out to change the world. It did.

Source: One person’s history of Twitter, from beginning to end