According the Guardian, Microsoft Round Island One, a subsidiary of the company based in Ireland, used its status as a resident of Bermuda to avoid paying full taxes. Importantly, Microsoft Round Island One appears to be something of a shell company. It has no employees other than directors and is a tax resident in the tax-free island of Bermuda. While Bermuda is a territory of the UK, it does not have corporation tax like in the United Kingdom. Of course, the big question is how could Microsoft Round Island One has made $315 billion in profit with no employees and seemingly no output? Moreover, how can it then avoid paying taxes? This seems to be a case of classic big tech tax dodging. We know the major tech companies find loopholes to avoid paying as much tax as they should. Rarely is it as blatant as what Microsoft appears to be doing here. One extremely interesting point the Guardian makes is that the profits from the Ireland-based Round Island One ($315 billion) is nearly as much as the whole country’s 2020 GDP ($433 billion). It will be interesting to see if Microsoft explains this situation or if any action will be taken against the company.
Silicon Six Tax Issues
Globally the Silicon Six have paid $149bn less than they should have if basing payments on headline rates. In total, the companies paid $219bn during those years, which amounts to just 2.6% of their collective revenue during that time ($6 trillion). Tip of the day: Hard drives are getting faster and more affordable every day, but unfortunately, their moving parts will always make them loud and mean their power draw isn’t insignificant. This can be a particular issue for those with laptops, leading many to wonder how to turn off a hard disk after it reaches an idle state. In our tutorial we are showing you https://winbuzzer.com/2020/07/01/windows-10-how-to-turn-off-hard-disk-after-idle-to-save-battery-xcxwbt/ .
