W3C home > Mailing lists > Public > public-credentials@w3.org > June 2016

MS Saves Money by taking out a loan rather than using its own cash

From: Timothy Holborn <timothy.holborn@gmail.com>
Date: Fri, 17 Jun 2016 14:35:23 +0000
Message-ID: <CAM1Sok1yW2i3Cau736viBLH9AVCQVpS24Q7f3AFz7oW9NOcy3w@mail.gmail.com>
To: Web Payments CG <public-webpayments@w3.org>, W3C Credentials Community Group <public-credentials@w3.org>
"you know something is deeply wrong in our market system when a company
like Microsoft, which has $100 billion in cash sitting in bank accounts
(much of it offshore), decides it needs to borrow billions to fund its
acquisition of the social networking platform LinkedIn.".... " Because it
will save around $9 billion in U.S. taxes by doing so. Debt is tax
deductible, and borrowing will save Microsoft money relative to bringing
overseas cash back home and paying the U.S. corporate tax rate on it."

source: http://time.com/4368047/microsoft-linkedin-deal-merger-debt/

thought it was interesting...  not sure whether the payments works have any
role with regard to considerations herein, but given the 'human centric'
vs. 'service-centric' considerations i thought perhaps at some level we are
making ideological choices somewhere herein; and,

that's about as far as i got thinking about it...

Received on Friday, 17 June 2016 14:36:08 UTC

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