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Facebook has oodles of untaxed cash by virtue of the Double Irish, so it could choose any of a number of EU governments to invest charitably in. Not just the US
by scott_karana 11y ago
Facebook has oodles of untaxed cash by virtue of the Double Irish, so it could choose any of a number of EU governments to invest charitably in. Not just the USA.
I wonder what Greece would think of free cash injections, for example? What could improved infrastructure do for that struggling country?
- markyc 11y agowhat makes you think pumping even more free cash into greece would help anybody but a select few that handles that cash? just throwing cash at problems rarely fixes them, what these guys are trying to do (zuck, gates, etc) is create a movement that goes for the root of the problems. it's quite encouraging and kudos to them
- scott_karana 11y agoGreece was a random (and poor) example. The pith of my point was that Facebook does not need to repatriate money to America and get taxed to do good, contrary to my post's parent's assertion. There is plenty of good to be done all over the world, and Facebook already has untaxed pools of Euros to use.