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How does Google funneling billions of dollars in revenue through Bermuda help the families there who are living in poverty? Google's only presence in Bermuda w
by rrss 5y ago
How does Google funneling billions of dollars in revenue through Bermuda help the families there who are living in poverty?
Google's only presence in Bermuda was a P.O. box.
- Mediterraneo10 5y agoWhen you use Bermuda like that, you pay various fees to do so (registration fees, banking fees), and money ultimately goes into the national budget from that. The state then invests in infrastructure and some job creation from that national budget. Similarly, when Caribbean nations sell citizenship to foreigners seeking easier travel or tax optimization (another avenue they have explored into order to diversify their economies), the foreigner typically pays a fee in the tens or hundreds of thousands of dollars for the passport, and that goes into the national budget.
- deleted 5y ago[deleted]
- whb07 5y agolawyers, buildings, contracts, the person selling keys for PO Box, guards to watch over your PO Box, mail system. Plus all the other things on top that are associated to flying in to Bermuda for the week of business to setup your PO BOX. Oh and then there’s the airport, staff to maintain the airport. All that plus more for a simple PO box
- ashtonkem 5y agoIt seems incredibly unseemly to go after the airport staff in the Bahamas more than the tax dodgers you’re angry at.