Winners & Losers August 3, 2017

Tech Giants: Above the Law



For economies to thrive, companies need to hand over a quarter of their profits.

But the Four Horsemen - Apple, Amazon, Google, and Facebook -- pay far less than the average US corporate tax rate.

Loser: future generations, who will have to pay off the debt racked up by politicians unwilling to tax the most profitable companies in the world.

(0:20) S&P Global Market Intelligence.
(1:21) “Google’s EU Fine Is a Small Price to Pay for Scale,” The Wall Street Journal, June 2017.
(1:48) “Case No COMP/M.7217 - Facebook/ WhatsApp,” Office for Publications of the European Union, March 2014.
(2:08) “E.U. Fines Facebook $122 Million Over Disclosures in WhatsApp Deal,” The New York Times, May 2017.
(2:33) “This Analysis Shows How Viral Fake Election News Stories Outperformed Real News On Facebook,” Buzzfeed, November 2016.

Episode 135

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