Scott Galloway: Tech Giants Above the Law
For economies to thrive, companies need to hand over a quarter of their profits.
But the Four Horsemen - Apple, Amazon, Google, and Facebook - pay far less than the average US corporate tax rate.
Loser: future generations, who will have to pay off the debt racked up by politicians unwilling to tax the most profitable companies in the world.
(0:20) S&P Global Market Intelligence.
(1:21) “Google’s EU Fine Is a Small Price to Pay for Scale,” The Wall Street Journal, June 2017.
(1:48) “Case No COMP/M.7217 - Facebook/ WhatsApp,” Office for Publications of the European Union, March 2014.
(2:08) “E.U. Fines Facebook $122 Million Over Disclosures in WhatsApp Deal,” The New York Times, May 2017.
(2:33) “This Analysis Shows How Viral Fake Election News Stories Outperformed Real News On Facebook,” Buzzfeed, November 2016.
Source: L2
Related: Apple’s Tim Cook Responds to $14.5B Irish Tax Bill
