This corporate rip off and swindle practice is something I have always known was happening. And after returning to the Netherlands after a 25 year absence, I was astounded at the blindness of the people there. Yes, sadly it is true that you and me and all the poor in this world are paying taxes while the corporate rich are getting away with paying close to nothing! Good work VPRO! The only broadcaster who dares to go there. No place is the world is transparant. Corruption is the norm!
+venus1610 Don't be. People do not care because there is piles and piles of entertainment thrown at them. When I post something like this on facebook I'm lucky if one or two people check it out. However if you post a dumb picture of you and your dog or something suddenly its a hit among your friends. We are told that its boring to talk about politics and economy but it is actually the most important because both have the biggest impact on our society. Maybe people will see it one day, but probably not.
eye opening documentary, thank you for teaching your viewers what should be taught in public schools as part of real education of how the world works, or rather how corrupt and shameless it is.
@@vprodocumentary After ten years of operating their company tax free. Certain companies in the United States argue that they should not be taxed. Because they are providing much needed jobs for the Counties,Cities and States. And if the government agrees The tax may be passed on to the employees and the general public. In some form or other possibly. When you have thousands of people who are out of work who need and want jobs . The cities and states have no choice jobs for the people takes priority.
its a big cycle one a global scale as the former accountant says around 47:00 and the laws are written by the accountant firms who exploit the loopholes , same as the wallstreet inv banks and trading firms writing the laws for the FED, SEC, FCA etc
"Where do multinationals pay taxes and how much?" Gaining insight from international tax experts, Backlight takes a look at tax havens, the people who live there and the routes along which tax is avoided globally. Those routes go by resounding names like 'Cayman Special', 'Double Irish', and 'Dutch Sandwich'. Surprisingly, the concentration of wealth is much worse than stated in the film explaining 10 million people are at the top 1%, but in 2012 three mathematicians from the Swiss Federal Institute of Technology when researching the corporate connections around the world, came to the conclusion that a mere few hundred individuals control 80% of the world’s output and assets, only 737 in fact.
This "race to the bottom" of taxes is alive and well not only in developing countries but within the US as states throw billions each year in incentives at businesses to relocate (or in sports, to keep teams from leaving) without much study of real economic benefits. If a business is looking for sweetheart tax deals, no surprise they look for low cost labor (often requiring public assistance) that enriches business owners to the detriment of their communities. We all pay, just indirectly.
I love this William Brittain-Catlin bloke in this. He is so obviously just come back from the pub, that the film have supplied him with a coffee, yet they still value his opinion. imagine him sober.
Hi Young boxing! A lot of our viewers are asking for more financial documentaries, and we gave that feedback to the vpro backlight program makers. Keep coming back to our channel, we publish documentaries regularly.
Great documentary. It helps to join up the dots between the who where how and why of many of worlds economic woes. Although, if you are easily depressed or a devout neoliberal capitalist, it will upset you
My argument is not flawed. You're forgetting one thing, it costs these corporations a lot of money to put their money in offshore tax havens. Accountants, lawyers, etc have to be paid. So there is no such thing as 0% tax. If corporate tax rate can be lowered in the US, more corporations would keep their money in the US, rather than hide it from being hit with confiscatory taxes.
I don't see the problem. If they are doing something illegal, they should be prosecuted. If what they are doing is legal, by whatever country they're operating in, then someone has to change the law to stop them. The old griper from Britain was just basically saying "give us money!" She didn't claim they did anything illegal. Do you think she forgoes taking deductions to her income taxes? Does she say to herself, "oh, paying taxes is so important, I'm not going to count my kid this year"?
How is paying little or no tax stealing? It's protecting your money from taxation. They are not breaking any laws. They are not taking any money that doesn't belong to them. Taxation is also known as legalized theft by government.
@@RedRider1600 lol. That's the answer you deserve, a "lol" These companies play with trillions of dollars and can get away without paying them because they tiptoe through laws, while normal citizens get 20, 30 40% of their salary cut. I don't mind paying my taxes cause that's one of the things that keep my country rolling, that' what let's my neighbors take their kid to the hospital and pay 20€ instead of 200€. I just want these companies to pay their 20, 30 40% like we do
@@MrRhix no one's stopping you from helping your neighbor's kid. Charity is a great thing but "Welfare" isn't charity. It's forcing people to give up their resources at gunpoint. What the government does is steal from the productive sector of society by pocketing much of the stolen wealth through taxation and infinite inflation. Central bankers, their political allies and corporate cronies get the currency first and they are able to purchase real assets before prices go higher. Then they "give" to the poor, while creating a greater, more powerful police state to protect themselves - the parasitic few.
I could go on for quite awhile about the entire subject, as, likely, could everyone regarding how they feel. I'm not going to take that approach. What I would like to do is call to attention the end portion of the video, right around the 50:15 mark through to about 51:15 (give or take from both). We've pretty much all heard the maxim "a picture tells 1000 words" and I would say, as a man who had Dr. Paul Ekman as my mentor and Ph.D. advisor, what is said in the faces and by the bodies of Matt Brittin, Andrew Cecil, and Troy Alstead in the, oh 20 seconds or so where they speak, well, were I allowed to use the faces in the audience, I could likely write an entire book on what's ACTUALLY said by each man, because only one of the three men ACTUALLY believes what he said, and if you enjoy study of non-verbal communication (which is generally given as 90% of all communication, but in this case is probably more like 98% or something), I would recommend the minute where they're asked about a corporation's responsibilities be one you study. What I like about this minute especially is you are seeing each person say the same thing, while none of the them agree with one another! LOL! If you take the faces of the audience into account, my heavens, you could literally do an entire 50-80 page Master's thesis on the body language communicated in that one minute. If anyone reads this far, and is curious about what I'm seeing (and note, I watch it in short bursts of less than a second), let me know, and we can chat about it. I'll give just this little bit: Troy Alstead has the face of a 5 year old when caught doing something he KNOWS is wrong, but doesn't believe one of his two answers for a second. Andrew Cecil has a deep contempt of being called out on it, and believes neither of his answers. Matt Brittin, surprisingly, though not agreeing completely with what he says, holds great contempt for Andrew Cecil, or at least what he's saying (particularly in 5:08, where Cecil makes just the quickest flash of shame, but then lies his ass off by 5:10). The most surprising part about Brittin is he is the most confident he is the least guilty among the 3, and I'm inclined to believe him. Google, by doing their business over the internet, and only over the internet (speaking solely of the search engine, Chrome, and now TH-cam, offering free products like Google Chrome and TH-cam), CAN speak with confidence because they make the vast amount of their money off of advertising, and not off of the consumer, hence the FAR reduced guilt, AND the contempt of Apple. That's probably close to 1000 words, and it's been based on telling next to nothing, other than things the very intuitive person already knows, but someone who relies purely on what they hear, might actually believe. Enjoy (and if you want to see more contempt, look at the face of the white haired man when Cecil answers).
For those individuals that reside in North America, the tax code allows for drastic reduction in personal income taxes legally, morally and ethically. A former IRS trainer of the trainers, a CPA, documented all the code for individuals to take full advantage of. It cost you nothing to find out more. Reply for link to page with more information, okay?.
I was responding to the clues you left. I did not suggest that more government was the answer, although, now you mention it, YES. When it comes to corporate tax evasion, nobody seems to be holding these guys to account.
The more you have the more you need to keep it there - i.e. security and secrecy - and if you're stuck in that world then what kinda of world are you living in, unless of course you've found a way to take it with you when you die, then hats off to you.
This video presupposes that governments have the right to tax. When you look at what happened in Cyprus it is easy to understand why those with large cash flows would wish to protect that from predatory politicians...
As for the Stockholm syndrome... my government saved about 80million poor lives that now get to go to free and good universities, have a house instead of living at the streets, gives money (not lends) to start-ups and entrepreneurs, among many others, so I'm happy paying taxes for them here, as well as 79% of other Brazilians (in march/2013).
Unaccountable lawyers, bankers and accountants reaping ungodly profits for the 0.14% while the rest of us get poorer is injustice of the worst kind. Best advice from this clip: citizens must rise in revolt against this undermining of democracy.
missing an angle which highlights that the only reason we can have tax heavens and "tax avoidance" is government making complicated tax laws which have lots of loopholes... companies are not free of blame on this, but government is the one providing the perverse incentives in the first place which is something the documentary misses completely!
INTERESTING WHAT YOU SAY ABOUT ACCOUNTANTS BECOMING HEADS OF GOVERNMENT BODIES.The same way Lawyers started to take over in Magistrates and Judges positions.
What they provided? How about educated, healthy and happy workers? Security nets that allowed them to take mitigate the risks that allowed them to establish themselves and expand? Saftey from crime, fire and disease? A (somewhat)stable economic system? They provided the very society in which the companies could operate. Asking for a part of it back to help the next generation of companies is just fair.
There's nothing wrong with taxes, the problem is that not everyone is taxed equally. At least Bitcoins allow the 99.9999% better opportunities for saving their wealth. I think that alone makes Bitcoins worth supporting.
I love this presentation. Does this occur in the ASEAN region? There is not a single answer to what is ethical for multinationals. However, they are the only entity that fuels an economy.
"when you look at the whole thing, it fails" sorry there is a basic flaw in this argument at around 40:10. Higher overall taxation rate (that includes domestic and off shore) will make the prices of all products of mentioned companies even higher anywhere they sell them. The Government will tend to use the money from the higher taxation less efficiently by around 40% than private capital does. Also, it is not true that areas that serve as tax heavens suffer exploitation (Bahamas, Panama, Dubai, Amsterdam Monaco ect are some examples. In Africa, Asia many countries that have allowed influx of foreign investors have seen spectacular growth of infrastructure and improvement of living condition of inhabitants.
Efficiency doesn't mean sustainability & not even neccessarily quality. How is this number caculated anyway? great your coffe is cheap, well i hope you can pay the doctor & your kids education after all. & if you could, hope that the rest of the nation isn't poor enough to have to rob your children. If your goal is still to concentrate wealth by any legal means: for what? do you use themoney to anyhow improve the quality & security of your childrens & childrens partners well being in the future?
Viktor Maximilian Distaturus Freiherr What do you mean by saying sustainability? Do you talk about project houses in Detroit, Newark,Cleveland or Paris built from public $$/FF for minorities, later run down and changed into crack houses? Or maybe about Hoover Dam that has never brought a single $ of profit, while causing significant environmental damage at the same time, or football stadiums in Europe built for one-time public events, and then wrecked because keeping them would mean economical disaster to local governments, or public roads in Poland built from public money at cost of two times higher than it should take, or huge river projects in China that flooded large areas of land and forced hundreds of thousands of people to abandon their houses, or Afghanistan, and Africa where money sent as a foreign aid has been defrauded, or worldwide problem of corruption and bribery, or maybe the whole project called socialism in Eastern Europe? . And no. it's not about wealth concentration, even if you have golden door knobs at home... If you own factories that means you own them to produce something that is needed by other people. These factories and (machines) are not gingerbred houses and even if you own tens of them, you will never eat them for breakfast. If you make any profit that means you turn resources efficiently into something usable by others, you do it in more efficient way than others could do, because otherwise somebody else would take that profit instead of you. Besides nothing lasts forever. The 40% comes from Savas' Law, stating that if any publicly provided service is contracted out, anywhere in the world, savings of 20%-40% can be gained. As you could see in the examples above the government tend to loose taxpayers' money on inefficient project and often in unsustainable way, claiming that it knows better than the people it got the money from how to spend it. How did you get to the conclusion anyway that my neighbor, or even better person that doesn't know me, who will be elected tomorrow will all of the sudden know better than me, what is the most sustainable way to spend my money?
With sustainable in this context i meant: Efficient can be: creating a company culture where every worker works so much & so hard that they can't & even don't want to care for a family. This works well, but this culture will just work for some generations fine. And in the long term might have an impact but will be killing itself. A suicide culture. Kamikaze business. Also many products have more damaging effects than healthy ones. The last global financial crisis was done by private sector. having the government undermined. Also see & calculate the thousands of company start ups of which 97% fail year by year constantly. This might have a selection effect & serve competition but is also a huge loss of ressources. More lose than one person gains. a lose/lose/lose/lose/lose/win situation. Still what is this concentrated profit useful for? Isn't that also just giving one person the power to decide for us more than we want to? I can remember some products even over my short lifespan to get more and more useless as the company tries to gain more profit from it. I deny to judge by category. Private or public... in both A LOT of things happen: Crack houses, something like that can happen anywhere & this happens with oursourced buildings too, i can remember a couple of examples in germany. It had the effect that the (40%?) savings manifested in a drop of quality as far as it was possible, without being able to effectively sue the company. Generalization is a dangerous argument. I didn't know about hoover dam, i guess it wasn't about the quality of the project back then but for getting the work force & the economy into a healthy dynamic again, to recover from the great depression. Not the best idea & some fish species lost, some big financial event took place first to make that urgent. Whyever the great depression was, even if it was a fiscal error it showed that most people & the private sector weren't capable anymore to care for themselves. Generalization stays a dangerous argument. I don't see how football stadiums are more public sector gain than private sector gain. Poland roads.. Do you know what russian private companies do? US banks & UK banks do to raise food prices for nothing but their gain? Pharmacy companies corrupt in their medical studies? what lobbying in the EU does to get all sorts of legislation approved? Do you enjoy to eat GMO Mc Donalds Burgers with toxic Pesticides & fraudulently "unharmful" medics in the cows meat? Want to use the clothing made out of ultra cheap (efficient) but toxic fiber? en passe'd control by legislation? Do you want to wear the cheaply colored clothes with Azo compounds to keep it cheap but skin cancer related? Wanna eat your sweets with no fat or sugar? but ohh after some years they finally find it was actually toxic this sweetener, the company of course didn't know that (anymore). All the media that sells that stuff... Well thats what some peoople i don't even know try to tell me and my kids to buy it.. They somehow believe they know what we need the most.. strange.. How did you get to the conclusion anyway that my neighbor, or even better person that doesn't know me, 'who just has the ressources' will all of the sudden know better than me, what is the most sustainable way to spend my money? Imagine to come from a family which didn't have the ressources to know all that. Can you imagine how market & health would be with no legislation & control? No nation? Like anarchy.... war in fact.... A Nation is like a father & mother for those who didn't have the luck to have some. Of course they have other problematic functions too & damage often more than they help. But thats something to change. In sum it's more easily accessible to everyone who want's to change it. Prvate corporations aren't in this way. Well i enjoy to discuss something that important & i see you are interested in this subject too, it means you actually care, the direction & information of our paths may be still different, but i don't want to miss the chance to know from you what you think is the place to invest the most as possible to make a better world for all of us who care. What do you think? What do you do? I have an idea & i will tell you if you tell me yours first. Let's try to make humanity sustain forever. Not by twisting & abusing ourselves over our limits but by manipulating nature to make us surpass our limits.
This video seems to make the people that earn this money out to be villains, while portraying the thieves that want to steal it from them, government, as virtuous!
What is the solution? Higher corporate taxes (Democrats/socialists)? or Lower corporate taxes (Republicans/capitalists)? Higher corporate taxes would exacerbate tax haven use. Lower corporate taxes would reduce tax haven use, because it becomes less and less profitable to do so. When tax penalties were removed for a short while, big corporations actually brought a lot of money back to the US. That proves that it's high corporate taxes that encourages tax haven use.
Yes I guess in the eyes of the government these people are thieves because they have the nerve to attempt to keep some of their hard earned money for themselves and their retirement. The government would far prefer to suck and squeeze every cent from the people they can get so the populous will be good loyal little drones and beholding for the paltry handouts they get from the government in retirement. Also it doesn't take much to make that first step it just takes people to read a little and get off their butt.
Hey, you know what? Let them keep their money, not pay taxes. Let them also lay their own roads, build their own bridges, hire their own private security force, build their own airports, devise their own computer network, lay their own water pipes, electrical lines, build their own electrical plant or hydroelectric dam. As long as they can do all of that, they can keep their money. When they take their money, we the people have to make up their share. Are YOU happy subsidizing your local factories? Because you probably are. There's this thing called FILO, Fee In Lieu Of (Taxes). They pay something ridiculous, like $500, and in return don't have to pay local or property taxes for so many years. Lots of factories and large business concerns get this from local governments in return for locating in your community. That just means YOU are responsible for THEIR taxes now. How do you like that?
i dont understand how Kenia plans to get any investment with this 10 year tax break. Its obvious that after 10 years companies will move to another place. why not put a low task rate for the long run? its common sense...
So a group of people want companies to pay more tax. Tax that goes to governments who then splash it around to all and sundry. Well to the same people who call for more tax to be paid. All more tax does is make the state bigger as it spends more. It never goes into helping society.
Tax avoidance ... why you shouldn't give a corporation credit for 'charity' work. Also, it's no coincidence that so many megacorporations are based in the USA. It's the economic power resulting from imperialism. The result: Those who don't want war finance it so that those who welcome it don't have to. What's happening is a hostile takeover of governments using legal, legal-but-unethical and illegal means. And the change has to happen in everybody, because this system has popular support.
Fantastic!! its online so soon... But as long as we have centralized currency we will have no other way of circulating it around..... I would say bitcoin,
....."hopefully the citizens will rise in revolt"........is she high? It never gonna happen. The citizens ant continue watching reality tv and go to shopping centers. It's depressing...
49:58 "that only the middle class and poor pay taxes" mmmm I sniff corrupted British politician with luxury yachts and houses for millions of pounds......
Government constructs and maintains law, police, hospitals, schools, minimum wage and etc... While those companies make money exploiting their workers. Governments may not be wonderful, but a world without them would be miserable.
The reality is that the way these people operate, under the untraceable transactions - is already similar to a BitCoin system. Complete anonymity, but more secretive than even BitCoin.
The little man is enslaved because he has a little man mentality. From time to time little men come along with big men mentality and they become wealthy. It has nothing to do with tax.
Imagine if all workers did the same thing. The only reason they don't is because the same companies are withholding part of the salary of workers, on the behest of the state for tax. When we reach the point where nobody is employed and everybody works as freelancers, and thereby as suppliers to what would have been an employer, then every worker is in effect "a company" and they will be able to do the same thing. Then nobody pays tax. So who will pay for pavement, hospitals, train tracks etc.....?
Because they make it up by having profits generated in other countries pass through their country. If they had to function solely on money truly earned in those countries they would be disfunctional. It is only viable as long as they have this tax shelter volume of income passing through their system.
Any country can have its own taxes. The thing to consider here is how companies manipulate earnings and their taxable incomes, so this is a problem you should address to the accounting standards boards, governments etc What's happening in Kenya is ridiculous. Another special treatment. This is an obvious example of corrupted government. Natural resources should be privatized anyway I believe,
Every company that holds the money they earned in the US market offshore, should be denied US Markets until the money is repatriated, and taxed at the 35% rate. If they choose to move offshore, than 35% tariffs on their products should be waiting on them.
![PASULOL รามเกียรติ์ ตอนที่ 4 นนทกพบรัก [Ramakien Ep.4: Nonthok in love]](http://i.ytimg.com/vi/tMUQgmZzf_A/mqdefault.jpg)
NEWS NEWS NEWS! We have a vpro documentary, Telegram channel! Check it out for new uploads, spread the word and join! 😉
t.me/vpro_documentary
Corporate social responsibility is the biggest joke
Double Irish with a Dutch Sandwich.
This corporate rip off and swindle practice is something I have always known was happening. And after returning to the Netherlands after a 25 year absence, I was astounded at the blindness of the people there. Yes, sadly it is true that you and me and all the poor in this world are paying taxes while the corporate rich are getting away with paying close to nothing! Good work VPRO! The only broadcaster who dares to go there. No place is the world is transparant. Corruption is the norm!
"You don't pay taxes - they take taxes." - Chris Rock
im surprised it has got only this amount of views
+venus1610 Don't be. People do not care because there is piles and piles of entertainment thrown at them. When I post something like this on facebook I'm lucky if one or two people check it out. However if you post a dumb picture of you and your dog or something suddenly its a hit among your friends. We are told that its boring to talk about politics and economy but it is actually the most important because both have the biggest impact on our society. Maybe people will see it one day, but probably not.
I know right. Omg the series is awesome
Nobody wants to know the true. Check how many Kim Kardashian got vies
...
In the populous, ignorance is bliss. With this said, a dance move video is more important in our delusional minds.
That's crazy right? i was also shocked. It's a very interesting article
eye opening documentary, thank you for teaching your viewers what should be taught in public schools as part of real education of how the world works, or rather how corrupt and shameless it is.
I am so late to learning about this...it's depressing. Thank you for the hard work that you do.
one of the best documentaries i have watched till now
We are happy you like it.
@@vprodocumentary After ten years of operating their company tax free. Certain companies in the United States argue that they should not be taxed. Because they are providing much needed jobs for the Counties,Cities and States.
And if the government agrees
The tax may be passed on to the employees and the general public. In some form or other possibly. When you have thousands of people who are out of work who need and want jobs . The cities and states have no choice jobs for the people takes priority.
After i watched this, I'm feeling hopeless
Mandy Done the information's spreading
its a big cycle one a global scale as the former accountant says around 47:00 and the laws are written by the accountant firms who exploit the loopholes , same as the wallstreet inv banks and trading firms writing the laws for the FED, SEC, FCA etc
"Where do multinationals pay taxes and how much?" Gaining insight from international tax experts, Backlight takes a look at tax havens, the people who live there and the routes along which tax is avoided globally.
Those routes go by resounding names like 'Cayman Special', 'Double Irish', and 'Dutch Sandwich'.
Surprisingly, the concentration of wealth is much worse than stated in the film explaining 10 million people are at the top 1%, but in 2012 three mathematicians from the Swiss Federal Institute of Technology when researching the corporate connections around the world, came to the conclusion that a mere few hundred individuals control 80% of the world’s output and assets, only 737 in fact.
That's one HELL of a documentary !
This "race to the bottom" of taxes is alive and well not only in developing countries but within the US as states throw billions each year in incentives at businesses to relocate (or in sports, to keep teams from leaving) without much study of real economic benefits. If a business is looking for sweetheart tax deals, no surprise they look for low cost labor (often requiring public assistance) that enriches business owners to the detriment of their communities. We all pay, just indirectly.
I love this William Brittain-Catlin bloke in this. He is so obviously just come back from the pub, that the film have supplied him with a coffee, yet they still value his opinion. imagine him sober.
Love all these vpro documentaries
Thank you!
Hi Young boxing!
A lot of our viewers are asking for more financial documentaries, and we gave that feedback to the vpro backlight program makers. Keep coming back to our channel, we publish documentaries regularly.
Thank you!!!
Awesome episode, once again!
Vpro is incredible.
Truth with enough exploration and insight to set people free from economic slavery.
Great documentary. It helps to join up the dots between the who where how and why of many of worlds economic woes. Although, if you are easily depressed or a devout neoliberal capitalist, it will upset you
I love your documentaries. Thanks and keep it up!
My argument is not flawed.
You're forgetting one thing, it costs these corporations a lot of money to put their money in offshore tax havens. Accountants, lawyers, etc have to be paid. So there is no such thing as 0% tax.
If corporate tax rate can be lowered in the US, more corporations would keep their money in the US, rather than hide it from being hit with confiscatory taxes.
One "Double Irish with a Dutch Sandwich", please!
Amazing Documentary!
Frederick Bastiat wrote a book about this called "The Law" 150 years ago. What we call it now is regulatory capture.
15 years of loss and 1,5 million in tax this guys are gangster lol...we should learn from them.
I don't see the problem. If they are doing something illegal, they should be prosecuted. If what they are doing is legal, by whatever country they're operating in, then someone has to change the law to stop them.
The old griper from Britain was just basically saying "give us money!" She didn't claim they did anything illegal. Do you think she forgoes taking deductions to her income taxes? Does she say to herself, "oh, paying taxes is so important, I'm not going to count my kid this year"?
Thanks for posting.
Excellent documentary.
By the way who was talking about the Greeks? See how other "tax responsible" nations are doing...
mmmmh food for thought
Amazing, thanks for doing this!
goed bezig VPRO!!
Heel goed! Het aantal views moet omhoog :)
27:28 all you need to know is right here
48:18 nice, steal the money and then loan it back (with interest) and pretend you're a savior.
The scam called philanthropy works in similar ways.
How is paying little or no tax stealing?
It's protecting your money from taxation.
They are not breaking any laws.
They are not taking any money that doesn't belong to them.
Taxation is also known as legalized theft by government.
@@RedRider1600 lol. That's the answer you deserve, a "lol"
These companies play with trillions of dollars and can get away without paying them because they tiptoe through laws, while normal citizens get 20, 30 40% of their salary cut. I don't mind paying my taxes cause that's one of the things that keep my country rolling, that' what let's my neighbors take their kid to the hospital and pay 20€ instead of 200€.
I just want these companies to pay their 20, 30 40% like we do
@@MrRhix no one's stopping you from helping your neighbor's kid. Charity is a great thing but "Welfare" isn't charity. It's forcing people to give up their resources at gunpoint. What the government does is steal from the productive sector of society by pocketing much of the stolen wealth through taxation and infinite inflation. Central bankers, their political allies and corporate cronies get the currency first and they are able to purchase real assets before prices go higher. Then they "give" to the poor, while creating a greater, more powerful police state to protect themselves - the parasitic few.
I could go on for quite awhile about the entire subject, as, likely, could everyone regarding how they feel. I'm not going to take that approach. What I would like to do is call to attention the end portion of the video, right around the 50:15 mark through to about 51:15 (give or take from both). We've pretty much all heard the maxim "a picture tells 1000 words" and I would say, as a man who had Dr. Paul Ekman as my mentor and Ph.D. advisor, what is said in the faces and by the bodies of Matt Brittin, Andrew Cecil, and Troy Alstead in the, oh 20 seconds or so where they speak, well, were I allowed to use the faces in the audience, I could likely write an entire book on what's ACTUALLY said by each man, because only one of the three men ACTUALLY believes what he said, and if you enjoy study of non-verbal communication (which is generally given as 90% of all communication, but in this case is probably more like 98% or something), I would recommend the minute where they're asked about a corporation's responsibilities be one you study.
What I like about this minute especially is you are seeing each person say the same thing, while none of the them agree with one another! LOL! If you take the faces of the audience into account, my heavens, you could literally do an entire 50-80 page Master's thesis on the body language communicated in that one minute. If anyone reads this far, and is curious about what I'm seeing (and note, I watch it in short bursts of less than a second), let me know, and we can chat about it. I'll give just this little bit: Troy Alstead has the face of a 5 year old when caught doing something he KNOWS is wrong, but doesn't believe one of his two answers for a second. Andrew Cecil has a deep contempt of being called out on it, and believes neither of his answers. Matt Brittin, surprisingly, though not agreeing completely with what he says, holds great contempt for Andrew Cecil, or at least what he's saying (particularly in 5:08, where Cecil makes just the quickest flash of shame, but then lies his ass off by 5:10). The most surprising part about Brittin is he is the most confident he is the least guilty among the 3, and I'm inclined to believe him. Google, by doing their business over the internet, and only over the internet (speaking solely of the search engine, Chrome, and now TH-cam, offering free products like Google Chrome and TH-cam), CAN speak with confidence because they make the vast amount of their money off of advertising, and not off of the consumer, hence the FAR reduced guilt, AND the contempt of Apple.
That's probably close to 1000 words, and it's been based on telling next to nothing, other than things the very intuitive person already knows, but someone who relies purely on what they hear, might actually believe. Enjoy (and if you want to see more contempt, look at the face of the white haired man when Cecil answers).
Those are some seriously long sentences.
👍✌️
For those individuals that reside in North America, the tax code allows for drastic reduction in personal income taxes legally, morally and ethically. A former IRS trainer of the trainers, a CPA, documented all the code for individuals to take full advantage of. It cost you nothing to find out more. Reply for link to page with more information, okay?.
I was responding to the clues you left. I did not suggest that more government was the answer, although, now you mention it, YES. When it comes to corporate tax evasion, nobody seems to be holding these guys to account.
Does any Dutch person agree with me that an inquiry as was held by the British parliament would not be allowed in the Netherlands? Think of it.
The more you have the more you need to keep it there - i.e. security and secrecy - and if you're stuck in that world then what kinda of world are you living in, unless of course you've found a way to take it with you when you die, then hats off to you.
and the tax man chase the little man for peanuts all day long.....something is very wrong in this world
This video presupposes that governments have the right to tax. When you look at what happened in Cyprus it is easy to understand why those with large cash flows would wish to protect that from predatory politicians...
As for the Stockholm syndrome... my government saved about 80million poor lives that now get to go to free and good universities, have a house instead of living at the streets, gives money (not lends) to start-ups and entrepreneurs, among many others, so I'm happy paying taxes for them here, as well as 79% of other Brazilians (in march/2013).
I am floored.
Unaccountable lawyers, bankers and accountants reaping ungodly profits for the 0.14% while the rest of us get poorer is injustice of the worst kind. Best advice from this clip: citizens must rise in revolt against this undermining of democracy.
Very educational.
Thank you kindly sir or madam lots of great data
Tnx for the heads up.
To me this is the crux of just about everything that is wrong with our economy, the environment, inequality, and human rights.
missing an angle which highlights that the only reason we can have tax heavens and "tax avoidance" is government making complicated tax laws which have lots of loopholes... companies are not free of blame on this, but government is the one providing the perverse incentives in the first place which is something the documentary misses completely!
10 year tax holiday? Somebody is getting a kickback. Standard.
INTERESTING WHAT YOU SAY ABOUT ACCOUNTANTS BECOMING HEADS OF GOVERNMENT BODIES.The same way Lawyers started to take over in Magistrates and Judges positions.
What they provided? How about educated, healthy and happy workers? Security nets that allowed them to take mitigate the risks that allowed them to establish themselves and expand? Saftey from crime, fire and disease? A (somewhat)stable economic system?
They provided the very society in which the companies could operate. Asking for a part of it back to help the next generation of companies is just fair.
I can't understand why people are praising these companies when the taxes these companies are not paying are being paid them.
There's nothing wrong with taxes, the problem is that not everyone is taxed equally. At least Bitcoins allow the 99.9999% better opportunities for saving their wealth. I think that alone makes Bitcoins worth supporting.
Super great!!
Excellent
If you guys think this documentary was good just go watch-We're Not Broke on Neftflix
Mind Blown!
tax and interest are the same thing, just different end of a string.
I love this presentation. Does this occur in the ASEAN region? There is not a single answer to what is ethical for multinationals. However, they are the only entity that fuels an economy.
"when you look at the whole thing, it fails" sorry there is a basic flaw in this argument at around 40:10. Higher overall taxation rate (that includes domestic and off shore) will make the prices of all products of mentioned companies even higher anywhere they sell them. The Government will tend to use the money from the higher taxation less efficiently by around 40% than private capital does. Also, it is not true that areas that serve as tax heavens suffer exploitation (Bahamas, Panama, Dubai, Amsterdam Monaco ect are some examples. In Africa, Asia many countries that have allowed influx of foreign investors have seen spectacular growth of infrastructure and improvement of living condition of inhabitants.
Efficiency doesn't mean sustainability & not even neccessarily quality.
How is this number caculated anyway?
great your coffe is cheap, well i hope you can pay the doctor & your kids education after all. & if you could, hope that the rest of the nation isn't poor enough to have to rob your children. If your goal is still to concentrate wealth by any legal means: for what? do you use themoney to anyhow improve the quality & security of your childrens & childrens partners well being in the future?
Viktor Maximilian Distaturus Freiherr
What do you mean by saying sustainability? Do you talk about project houses in Detroit, Newark,Cleveland or Paris built from public $$/FF for minorities, later run down and changed into crack houses? Or maybe about Hoover Dam that has never brought a single $ of profit, while causing significant environmental damage at the same time, or football stadiums in Europe built for one-time public events, and then wrecked because keeping them would mean economical disaster to local governments, or public roads in Poland built from public money at cost of two times higher than it should take, or huge river projects in China that flooded large areas of land and forced hundreds of thousands of people to abandon their houses, or Afghanistan, and Africa where money sent as a foreign aid has been defrauded, or worldwide problem of corruption and bribery, or maybe the whole project called socialism in Eastern Europe? . And no. it's not about wealth concentration, even if you have golden door knobs at home... If you own factories that means you own them to produce something that is needed by other people. These factories and (machines) are not gingerbred houses and even if you own tens of them, you will never eat them for breakfast. If you make any profit that means you turn resources efficiently into something usable by others, you do it in more efficient way than others could do, because otherwise somebody else would take that profit instead of you. Besides nothing lasts forever.
The 40% comes from Savas' Law, stating that if any publicly provided service is contracted out, anywhere in the world, savings of 20%-40% can be gained. As you could see in the examples above the government tend to loose taxpayers' money on inefficient project and often in unsustainable way, claiming that it knows better than the people it got the money from how to spend it. How did you get to the conclusion anyway that my neighbor, or even better person that doesn't know me, who will be elected tomorrow will all of the sudden know better than me, what is the most sustainable way to spend my money?
With sustainable in this context i meant: Efficient can be: creating a company culture where every worker works so much & so hard that they can't & even don't want to care for a family. This works well, but this culture will just work for some generations fine. And in the long term might have an impact but will be killing itself. A suicide culture. Kamikaze business. Also many products have more damaging effects than healthy ones. The last global financial crisis was done by private sector. having the government undermined. Also see & calculate the thousands of company start ups of which 97% fail year by year constantly. This might have a selection effect & serve competition but is also a huge loss of ressources. More lose than one person gains. a lose/lose/lose/lose/lose/win situation. Still what is this concentrated profit useful for? Isn't that also just giving one person the power to decide for us more than we want to? I can remember some products even over my short lifespan to get more and more useless as the company tries to gain more profit from it.
I deny to judge by category. Private or public... in both A LOT of things happen:
Crack houses, something like that can happen anywhere & this happens with oursourced buildings too, i can remember a couple of examples in germany. It had the effect that the (40%?) savings manifested in a drop of quality as far as it was possible, without being able to effectively sue the company. Generalization is a dangerous argument.
I didn't know about hoover dam, i guess it wasn't about the quality of the project back then but for getting the work force & the economy into a healthy dynamic again, to recover from the great depression. Not the best idea & some fish species lost,
some big financial event took place first to make that urgent. Whyever the great depression was, even if it was a fiscal error it showed that most people & the private sector weren't capable anymore to care for themselves. Generalization stays a dangerous argument.
I don't see how football stadiums are more public sector gain than private sector gain.
Poland roads.. Do you know what russian private companies do? US banks & UK banks do to raise food prices for nothing but their gain? Pharmacy companies corrupt in their medical studies? what lobbying in the EU does to get all sorts of legislation approved? Do you enjoy to eat GMO Mc Donalds Burgers with toxic Pesticides & fraudulently "unharmful" medics in the cows meat? Want to use the clothing made out of ultra cheap (efficient) but toxic fiber? en passe'd control by legislation? Do you want to wear the cheaply colored clothes with Azo compounds to keep it cheap but skin cancer related? Wanna eat your sweets with no fat or sugar? but ohh after some years they finally find it was actually toxic this sweetener, the company of course didn't know that (anymore).
All the media that sells that stuff...
Well thats what some peoople i don't even know try to tell me and my kids to buy it.. They somehow believe they know what we need the most.. strange..
How did you get to the conclusion anyway that my neighbor, or even better person that doesn't know me, 'who just has the ressources' will all of the sudden know better than me, what is the most sustainable way to spend my money?
Imagine to come from a family which didn't have the ressources to know all that.
Can you imagine how market & health would be with no legislation & control?
No nation? Like anarchy.... war in fact....
A Nation is like a father & mother for those who didn't have the luck to have some.
Of course they have other problematic functions too & damage often more than they help.
But thats something to change. In sum it's more easily accessible to everyone who want's to change it. Prvate corporations aren't in this way.
Well i enjoy to discuss something that important & i see you are interested in this subject too, it means you actually care, the direction & information of our paths may be still different, but i don't want to miss the chance to know from you what you think is the place to invest the most as possible to make a better world for all of us who care. What do you think? What do you do? I have an idea & i will tell you if you tell me yours first.
Let's try to make humanity sustain forever. Not by twisting & abusing ourselves over our limits
but by manipulating nature to make us surpass our limits.
Where are you getting this information from?
This video seems to make the people that earn this money out to be villains, while portraying the thieves that want to steal it from them, government, as virtuous!
That laugh at the end!
you will never trace that missing trillion from EU budget, its going into black projects, same way as in the USA.
Imagine if steve jobs didn't establish apple there's no taxes to begin with
What is the solution?
Higher corporate taxes (Democrats/socialists)?
or Lower corporate taxes (Republicans/capitalists)?
Higher corporate taxes would exacerbate tax haven use.
Lower corporate taxes would reduce tax haven use, because it becomes less and less profitable to do so.
When tax penalties were removed for a short while, big corporations actually brought a lot of money back to the US. That proves that it's high corporate taxes that encourages tax haven use.
That is by far one of the most disturbing and insane collections of fallacies I've ever had the displeasure to read.
If the companies would pay their share, the common hard worker wouldn't be forced to make up for the difference.
Don't blame the companies or the individuals. Go for it.
go for it? ...right, cause everyone has the educational, logistic, political and material resources to become one of these thieves.
Yes I guess in the eyes of the government these people are thieves because they have the nerve to attempt to keep some of their hard earned money for themselves and their retirement.
The government would far prefer to suck and squeeze every cent from the people they can get so the populous will be good loyal little drones and beholding for the paltry handouts they get from the government in retirement.
Also it doesn't take much to make that first step it just takes people to read a little and get off their butt.
Hey, you know what? Let them keep their money, not pay taxes. Let them also lay their own roads, build their own bridges, hire their own private security force, build their own airports, devise their own computer network, lay their own water pipes, electrical lines, build their own electrical plant or hydroelectric dam. As long as they can do all of that, they can keep their money. When they take their money, we the people have to make up their share. Are YOU happy subsidizing your local factories? Because you probably are. There's this thing called FILO, Fee In Lieu Of (Taxes). They pay something ridiculous, like $500, and in return don't have to pay local or property taxes for so many years. Lots of factories and large business concerns get this from local governments in return for locating in your community. That just means YOU are responsible for THEIR taxes now.
How do you like that?
@@VideoWorkingGirl You are an idiot.
couldn't agree more.
What a Sad World....please pass around this video, Doing that you are taken actions and not just doing nothing.
i dont understand how Kenia plans to get any investment with this 10 year tax break. Its obvious that after 10 years companies will move to another place. why not put a low task rate for the long run? its common sense...
It's Kenya.
I cried.
Good info
John Glasson The International Trust is a good place to start.
whoa! wow,! is there a follow up to this documentary
very harmonic video thank you
So a group of people want companies to pay more tax. Tax that goes to governments who then splash it around to all and sundry. Well to the same people who call for more tax to be paid. All more tax does is make the state bigger as it spends more. It never goes into helping society.
Who doesn't like "Double Irish sandwich"?
Small but efficient stopovers :-)..That’s why we`ve so much international lawyers and that’s what they learn on college!
Tax avoidance ... why you shouldn't give a corporation credit for 'charity' work.
Also, it's no coincidence that so many megacorporations are based in the USA. It's the economic power resulting from imperialism.
The result: Those who don't want war finance it so that those who welcome it don't have to.
What's happening is a hostile takeover of governments using legal, legal-but-unethical and illegal means. And the change has to happen in everybody, because this system has popular support.
the guy at 21:40 mentions hamlet 5 times a day in casual conversation
Fantastic!! its online so soon...
But as long as we have centralized currency we will have no other way of circulating it around.....
I would say bitcoin,
....."hopefully the citizens will rise in revolt"........is she high? It never gonna happen. The citizens ant continue watching reality tv and go to shopping centers. It's depressing...
49:58 "that only the middle class and poor pay taxes"
mmmm I sniff corrupted British politician with luxury yachts and houses for millions of pounds......
Very appropriate song "Gimme Shelter" from the Rolling Stones.
Government constructs and maintains law, police, hospitals, schools, minimum wage and etc... While those companies make money exploiting their workers. Governments may not be wonderful, but a world without them would be miserable.
Did you even watch it? This is actually mentioned in the documentary: 47:30.
The goal is that the powerless must be taxed.
Appropriate safeguards are required before developing countries adopt EPZs.
The reality is that the way these people operate, under the untraceable transactions - is already similar to a BitCoin system. Complete anonymity, but more secretive than even BitCoin.
Who is the criminal? The one who wants to grab? Or the one who doesn't want to be grabbed from??
I don't know how and why it's legally allowed.
Taxes wre invented to keep the little man enslaved.
The little man is enslaved because he has a little man mentality. From time to time little men come along with big men mentality and they become wealthy. It has nothing to do with tax.
Is there a list of the people interviewed in this documentary?
Imagine if all workers did the same thing. The only reason they don't is because the same companies are withholding part of the salary of workers, on the behest of the state for tax. When we reach the point where nobody is employed and everybody works as freelancers, and thereby as suppliers to what would have been an employer, then every worker is in effect "a company" and they will be able to do the same thing. Then nobody pays tax. So who will pay for pavement, hospitals, train tracks etc.....?
Because they make it up by having profits generated in other countries pass through their country. If they had to function solely on money truly earned in those countries they would be disfunctional. It is only viable as long as they have this tax shelter volume of income passing through their system.
12:51 Mistake in translation (subtitles)
11 [billion] € is routed through the Netherlands every year
Didn't he say 11,000 billion?
Vpro keep it up....love ittt
Is this a website @ 10:25 ? Anyone got a link?
Any country can have its own taxes. The thing to consider here is how companies manipulate earnings and their taxable incomes, so this is a problem you should address to the accounting standards boards, governments etc
What's happening in Kenya is ridiculous. Another special treatment. This is an obvious example of corrupted government. Natural resources should be privatized anyway I believe,
Every company that holds the money they earned in the US market offshore, should be denied US Markets until the money is repatriated, and taxed at the 35% rate. If they choose to move offshore, than 35% tariffs on their products should be waiting on them.
Every company does it you idiot. They are just protecting their money from the real thieves, the governments.