- From: Timothy Holborn <timothy.holborn@gmail.com>
- Date: Fri, 17 Jun 2016 14:35:23 +0000
- To: Web Payments CG <public-webpayments@w3.org>, W3C Credentials Community Group <public-credentials@w3.org>
Received on Friday, 17 June 2016 14:36:08 UTC
"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... Tim.H.
Received on Friday, 17 June 2016 14:36:08 UTC