What I see here is tax evasion. But done in a roundabout legal loopholish kind of way.
1. Establish profitable company in your home country.
2. Establish 2nd company in a tax haven country.
3. Give 2nd company some kind of ownership, and then pay rental fees, licensing fees, or simply set up a high interest loan that the 2nd company loaned the first.
4. Once you set up a way to make it look like you owe the 2nd company tons of money, now your 1st company no longer is "profitable" and actually in debt losing money, which means it doesn't need to pay taxes on the massive profit it's making.
While I believe it's legal it hinges on bad ethical practice. But many large companies do this, such as cruise ships and I think Apple.
Oh wonderful. So that means John Deere can drop all the lawsuits against farmers who try to repair their own tractors since farmers didn't break any law. Right?
What I don't get is that the intel based macbook pros allow you to get 32G of RAM and 4TB hard drive. While the M1s only allow a max of 16G of RAM and 2TB hard drive. I'm not taking a hit on these other, in my opinion, much much more important specs to gain an extra battery life.
The thing that isn't addressed. Their terms now say that people 13 and under cannot use their product. Yet this tool is taught in schools. They want to collect this data but do not want to follow COPPA laws.
I built one of these once. I even figure out a way to remotely trigger the garage door to close. I programmed it so that if I left it open for too long it'll message me telling me, and if I still stays open too long after that it'll be passive aggressive and say something like "I hate having to do all the work for you, but I closed your garage door because you forgot to."
1. Establish profitable company in your home country.
2. Establish 2nd company in a tax haven country.
3. Give 2nd company some kind of ownership, and then pay rental fees, licensing fees, or simply set up a high interest loan that the 2nd company loaned the first.
4. Once you set up a way to make it look like you owe the 2nd company tons of money, now your 1st company no longer is "profitable" and actually in debt losing money, which means it doesn't need to pay taxes on the massive profit it's making.
While I believe it's legal it hinges on bad ethical practice. But many large companies do this, such as cruise ships and I think Apple.