Comment Re:Remember the Sochi Olympics (Score 1) 848
Sarcasm? Who, me?
Sarcasm? Who, me?
Wasn't it a wonderful, peaceful time, so long ago? Ah, those were the days.
Or it didn't happen.
Except the GP's argument does indeed apply to the Adobe Cloud, today.
one correction to what I just wrote above: Steve Ballmer paid 50% *more*, not less, for Nokia (about 3 billion dollars total) than he did for the LA Clippers basketball team (2 billion).
OK, buying the Clippers was his personal transaction using his own money, and the other was a Microsoft transaction under his authority, having ruined the Nokia Mobile Devices unit in the first place, but let's not try to split any of Ballmer's hair over that detail.
Notice the numbers in TFA are following the Nokia and Skype purchases from several years ago. Skype cost Microsoft about 8 or 9 billion. Nokia cost Microsoft about 3 billion dollars (50% less than Ballmer paid for the Los Angeles Clippers basketball team, and using his own money).
In other words, The U.S. based Microsoft Corporation (HQ'd in Reno, NV to avoid paying taxes to Washington State) bought those non-US companies with off-shored income having paid very little tax to anyone, for anything. You and I can't buy companies so easily, but Microsoft can, and did.
Google paid 1.5 billion dollars for prime London real estate to build their office there, with the same type of Non-US, double-Dutch sandwich money. This is the way the game is played. And these large companies seriously lobby the US congress for a special tax repatriation holiday, as a way to negotiate a lower rate, if they are to chose to pay US taxes.
At least when Facebook paid 16 billion dollars for WhatsApp, they didn't use non-taxable offshore money, because they bought a US company.
He has not acquired a fortune; the fortune has acquired him. -- Bion