-- Leo's gemini proxy
-- Connecting to gemini.techrights.org:1965...
-- Connected
-- Sending request
-- Meta line: 20 text/gemini;lang=en-GB
Posted in Finance, Microsoft at 12:26 am by Guest Editorial Team
So, Microsoft celebrates making revenue from the crisis? A massive bailout from Trump? The 10-K form can be found at the SEC (and in Microsoft’s very own site).
Go to the latest 10-K form and search “Tax Cuts and Jobs Act” wherein they say it brought in another $2.6 billion dollars of net profit for the last year.
Summary (by Ryan): “They conspired with Trump on his illegal taking of TikTok, and they pointed to the “Tax Cuts and Jobs Act” (with 50 million unemployed workers [A third of the US working age population], no less. Fully a third of the US population.) on their SEC report to show how it added profits. A third of the overall working age population in the US is left without any job to go to right now and 1/5th of it may be permanent (expected to go on for years as almost 100,000 US businesses have shuttered permanently since March). Meanwhile, Microsoft gloats about ripping off the US Treasury for almost $3 billion in the first full year of the Tax Law they lobbied for. They get a lot of bad things from Trump. This tax law has done nothing to create any jobs for people. It’s graft for big corporations. Meanwhile, Microsoft cut several thousand jobs and kept more of their money from funding the government during this crisis. Tax Cuts and “Jobs” Act…”
Ryan adds: “Trump’s ideas for the tax code are like the one the Russian Oligarchs came up with after Communism collapsed, which led to the 1998 Sovereign Default. Microsoft is being subsidized six ways to Sunday, through illegal DoD contracts and Trump’s “tax” law that lets them plunder the treasury during a crisis. Putting the Pentagon on the same “cloud” that leaked all of Capital One’s customer data. You know, hey, we’re sorry you’ll be dealing with identity fraud for the rest of your life because of Microsoft Azure and our shitty configuration.”
Share in other sites/networks: These icons link to social bookmarking sites where readers can share and discover new web pages.
Permalink Send this to a friend
----------
➮ Sharing is caring. Content is available under CC-BY-SA.
-- Response ended
-- Page fetched on Sat May 18 17:25:03 2024