Buchzusammenfassung
Alec Ross is an entrepreneur, professor, and former technology policy advisor for Secretary of State Hillary Clinton during the Obama administration. He is a Distinguished Visiting Professor at the University of Bologna in Italy and a Board Partner at the venture capital firm Amplo. His 2016 book Industries of the Future is a New York Times best seller and was named Book of the Year by the TriBeCa Film Festival’s Disruptive Innovation Foundation.
Picture yourself as a pizza delivery driver who must share 20% of tips with the shop owner after deducting expenses like gas. If you earn $25 in tips and spend $5 on gas, you keep $16 while the owner gets $4. Now, imagine this system on a corporate scale, where the government replaces the shop owner. Though taxes are meant to function this way, large corporations often exploit loopholes to avoid paying their share. For example, by using tactics like transfer pricing, they create artificial expenses to reduce taxable income. On a global scale, companies like Google have used complex schemes, such as the “Double Irish with a Dutch Sandwich,” to shift profits to tax havens like Bermuda, avoiding billions in taxes. These funds could otherwise support public services, highlighting the need for systemic tax reform.
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