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Gates unmasks the real face of Davos | Red Pepper:
"Amongst other reasons, a big factor is tax avoidance, enabled by the financial liberalisation regime put into place over 30 years by the likes of those who attend Davos. According to the Financial Times: ‘some 94 per cent of Microsoft’s $81bn is now outside the US.’
So Gates doesn’t want a higher minimum wage denting the amount of wealth his company is able to avoid taxes on. "
How billionaires have sidestepped a tax aimed at the rich
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*Wall Street financiers were a clear target of the tax, but some, on
questionable legal grounds, have claimed their outsized profits were
exempt, sometim...
45 minutes ago
