"As is often the case in Washington, the scandal isn’t what’s illegal -- it’s what’s legal, in this instance tax- avoidance systems with names like the Double Irish and the Dutch Sandwich. As detailed in a Bloomberg Businessweek investigative story last May, Forest Laboratories Inc. (FRX), which makes the antidepressant Lexapro, sells almost 100 percent of its drugs in the U.S. and cuts its U.S. taxes dramatically by attributing the bulk of profits to a law office in Bermuda.
Similarly, Google reduced its income taxes by $3.1 billion over three years by shifting income to Ireland, then the Netherlands, and ultimately to Bermuda. Microsoft has used a similar arrangement. Records in the Cayman Islands and Ireland show that Facebook is setting up such a structure too. "
The arguement for the holiday the last time was "job creation" which didnt really bear fruit. Dont think it will happen again unless it is part of a larger tax reform bill.
I might be off base here but I think this idea "what we would we do if money wasn't an issue” is subconsciously the reason why shows like the walking dead and to a lesser degree falling skies have become so popular with our generation. The theme of a post apocalyptic world where zombies and aliens are trying to kill off the human race are the obvious draw at its core these shows illustrate what a moneyless world would look like in the sense that survival and relationships with those in close proximity to you would be the only thing that mattered. I also think a moneyless world would be complete chaos but that just me.
My point is debt isn’t a problem unless there are significant consequences attached to it. You talk of economic understanding but your theory is flawed.
If you owe your bank 10000 dollars and cant pay you have a problem if you owe your bank 1 million (or in our case 17 trillion)and cant pay they have a problem.
I don’t want to sound like I am excusing this behavior but this type of thing happens all the time in various other industries all over the country. This is not an isolated sv disease. And as much as it is about money in regards to salaries it’s also about employee retention which is also about money haha.
Im learning how to code and contracting a developer to build the product at the same time. This coupled with being a "singlish" founder and all the things that come with that have been the hardest
Alot of delays, some of them my fault . This is alot harder than I thought it would be and I knew it would be hard coming into it . Someone told me this would be the hardest thing Ive ever done in my life , which is saying something considering my life. Hope to be up by February of next year.
This was a really good post btw alot of helpful info Thanks
One article I read that always stuck with me was Peter thiel recalling the day Mark Zuckerberg turned down yahoos 1 billion dollar acquistion offer .
Thiel said he remembered saying, "We should probably talk about this. A billion dollars is a lot of money." They hashed out the conversation. Thiel said he and Breyer pointed out: "You own 25 percent. There's so much you could do with the money."
Thiel recalled Zuckerberg said, in a nutshell: "I don't know what I could do with the money. I'd just start another social networking site. I kind of like the one I already have."
This is probably how the SnapChat guys feel there is no different project down the road this is it and if you feel that way you never sell
I might be in the minority here but I think snapchat is totally worth 3 billion. And the article says they have a company interested in a round valuing them at 4 billion . If Instagram would have held out longer and not accepted the deal from facebook (They didnt need it the just closed a nice round of funding a couple months before)they would probably be worth North of 6 billion