Summary: After the infamous IRS brawl comes another confrontation between Microsoft and the SEC, which is unhappy with Microsoft for seemingly cooking the books again
AS OUR longtime readers may know, Microsoft’s financial fraud is a good example of how certain companies with strong government connections essentially exist above the law. According to this new SEC correspondence (regarding filings), Microsoft tricks — same ones as those we have covered here for years — upset the regulators. Robert Pogson has already written about it and it comes at a time when Microsoft is under investigation by the IRS too. “I’ve been reporting that for years now and the SEC is concerned that investors may not be getting the full story because of the layout and detail of Microsoft’s filings,” he wrote.
Microsoft got caught by the SEC even in the 1990s, whereupon it bribed the whistleblower to escape true accountability. It’s a “too big to jail” scenario. Microsoft’s financial practices have historically reaffirmed its status as a criminal, corrupt entity. Perhaps we are going to see more of that in months or years to come. Perhaps not, assuming Microsoft can pull some strings inside the government (with moles or nepotism, like those who help the Microsoft dodge tax). █
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Summary: The nerve of Microsoft wasting taxpayers’ money in addition to evading tax, costing many billions of dollars to the US economy and countless billions outside the US while bullying regulators who dare to investigate the matter
ONE of Microsoft‘s very many abuses is avoidance of tax, not only in the US but also in Europe, Asia, and so on. The company hardly has a track record of obeying the law, so why make an exception when it comes to taxes?
“Microsoft continues to thrive in and promote lawlessness.”Microsoft really showed how arrogant it is when it attacked the IRS for merely investigating Microsoft (i.e. doing its job). It’s unprecedented bullying that one can expect from no company other than Microsoft because Microsoft has a past of criminal tax violations. It bribed people to make the charges go away and eventually settled with the investigators. Even Microsoft whistleblowers get bribed by Microsoft. Rich companies can get away with just about everything, provided they have government connections and enough money to bribe with.
Based on this new report, Microsoft is already abusing the IRS to the point where the IRS needs to spend millions of dollars on lawyers:
The software behemoth is battling the agency over whether it pushed profits offshore to skirt taxes. It’s the latest case to test IRS firepower in cracking down on similar tax maneuvers by other technology companies, which can save hundreds of millions using the tactics.
Both are playing hardball: The IRS, which is spending $2 million on outside legal guns to fight the case, also issued a summons to compel former CEO Steve Ballmer to testify, while Microsoft shot back with legal demands of its own, accusing the agency of hitting it with a “fusillade.”
The legal fees paid by the IRS are basically derived from tax budget. The bills are passed to the very same taxpayers which Microsoft deprived; so by attacking the enforcer over tax violations (over its own crimes) Microsoft basically wasted yet more tax money. How insidious is that? In Spain, a banker sued the judge who punished him for his crimes. This is even worse because the public pays the legal bills. Microsoft continues to thrive in and promote lawlessness. █
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Summary: Piketty is approached by Bill Gates, who bemoans the idea that the plutocrats too should pay tax like the rest of us
BEST-SELLING author Piketty reveals some interesting details about the mindset of Bill Gates, the man who created — using criminal activity — software monopolies and is now preoccupied with monopolies in education (public sector), a GMO monopoly, etc.
“This relates to the whole “job creator” myth — a myth more harmful that that of the “free market”.”As mentioned the other day, Gates is increasing his personal wealth very quickly. He is not giving away or back, except in the form of media distortion and spin (he bribes a lot of publications and channels for this distortion and spin). The money he acquires is not earned through hard work; some of it is essentially stolen from taxpayers (through bamboozled politicians), taken by force from poor and exploited people, and on top of this Gates evades tax using the Gates Foundation.
A reader sent us this article about two of the most famous people for supposed ‘charity’ (actually investing tax-free in large corporations that exceptionally harm society and the planet). The article says that Bill Gates and Warren Buffett became $21.1 billion richer in just one year (last year). To quote: “The fact that wealth begets more wealth was illustrated once again last year by Bill Gates and Warren Buffett, currently the two richest people on Earth. According to Bloomberg, the pair finished 2014 a combined $21.1 billion richer than when the year began. (Gates’ fortune rose $8.1 billion to a total of $86.6 billion. Buffett’s rose $13 billion; he’s now worth $73.8 billion.)”
A lot of gullible people think that Gates is feeding the world with wealth rather than hoarding at the world’s expense (this money comes or is generated by other people’s labour), so to them the idea of Gates dodging tax may seem appealing. This relates to the whole “job creator” myth — a myth more harmful that that of the “free market”. Gates and Buffett happily let their bribed papers tell us they are “givers” and the Wall Street press (Bloomberg), owned itself by a plutocratic billionaire, reveals what Gates thinks about paying tax:
“I had this discussion with Bill Gates a couple of weeks ago,” Piketty, the author of “Capital in the Twenty-First Century,” said today at an economics conference in Boston. “He told me, ‘I love everything that’s in your book, but I don’t want to pay more tax.” A tax on wealth is one of Piketty’s key recommendations for addressing inequality.
The famous thief Bill Gates literally tells Piketty: “I don’t want to pay more tax”. what a ‘generous’ guy, eh?
“Minor Gates apology going on there,” wrote to us a reader, “and emphasized in articles based on the Bloomberg post.”
Never expect balanced coverage of Gates from Wall Street papers that are themselves owned by famous billionaires. This includes the Wall Street Journal, which is owned by Rupert Murdoch. These newspapers exist to serve power and depreciate privileges of all except the super-rich. █
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Things must be grim when China is upholding the law whereas the West refuses to
Summary: China is reportedly taking action against Microsoft’s notorious habit of tax evasion and fining the company well over $100 million
NOW THAT Microsoft has been found to be evading tax (a crime, but not one that executives of large corporations often go to jail for) and fined for it in a nation as large as China (just like in India half a decade ago, as well as in other places) is the US going to follow suit? Last week we showed that the IRS was on this case, so Microsoft began bullying the IRS (the vanity of corporations that control their government).
“”Remember when Microsoft China offices were raided (just earlier this year on numerous occasions and its patent extortion plot was targeted by the Chinese authorities? Well, it sure seems like China enforcing the law against massive criminals like Microsoft, setting a good precedent that US and Europe should follow. To quote the new report: “Microsoft has reportedly been issued with a charge for £87 million in back-taxes following an investigation into alleged tax evasion by the Chinese authorities.”
For those who still associate Microsoft with something other than crime and corruption, the news report above can serve as a valuable wake-up call. █
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Money can’t buy happiness, but it sure buys reality distortion
Summary: Having put a universal tax on many things (not just computers) and evaded tax using the classic ‘charity’ trick, Gates is now buying the media, the schools, politicians etc. and earns as much as 10 billion dollars per year while the public is taught that Gates is a giver, not a hoarder of the worst kind
Bill Gates is following the trajectory of that infamous Rockefeller empire. He has systematically bribed the press at the cost of about a million dollars per day (on average) to tell us he gives away his money. Some people view him as a giver because of this paid-for propaganda, but he is actually getting $10bn (or ~7-8%) richer in just one year, based on last year which is not much different from previous years. This money comes from somewhere, or at the very least it represents the passage of power and wealth (possession).
According to this new article, “Bill Gates is the richest person in America with a fortune of $81.5 billion, up from $70.8 billion last year, according to Wealth-X.”
When will the media abandon this bogus narrative that Gates ‘gives back’ his wealth? He sure gives a small portion of it to the media in order for this media to fool the public. The corporate media is applauding him for getting richer as though that’s some kind of an achievement while actually characterising him as a giver, not a hoarder (which is by definition what happens when his wealth expands like this). It is just another Rockefeller-type PR plot. It is mostly working.
Gates not only uses the media to fool the public. He also uses schools and it indoctrinates pupils. As this new article puts it: “Gates has personally invested $10 million in the Big History Project, which has spread to about 1,200 schools since it launched in 2011.”
That is just a small fraction (a thousandth) of what he earned in one single year and millions of young people are now mentally controlled by a plutocrat and those who financially depend on him.
Billionaires rewriting history is a classic problem as those who can rewrite history can dominate the future. Watch how some vicious people are now celebrated in schools as heroes. This other new article refers to it as the “Gates Foundation’s reckless experimentation” with the school (indoctrination) system in the US and it is far from the only such article. Many teachers are fed up and pissed off by this. There are public protests which only Gates-sponsored media seems inherently resistant to coverage of (unless it’s for demonising the protesters). A publication may develop a sort of sixth sense, knowing that criticising or upsetting Gates would discourage money awards from him or almost certainly stop any further awards from him. It’s a form of systemic bribes, like those which corporations give to politicians.
The propaganda machine continues to be effective, however, as many newspapers are still bribed by Gates and they routinely show the impact of these financial strings. The Guardian , for example, is a good example of Gates bribing the press in the UK (he even bribes the biggest players such as the BBC, repeatedly even).
Having bribed The Guardian (whereupon it stopped criticising him and his horrible impact through industrial partners like Monsanto) this college dropout, Bill Gates, is now treated by The Guardian as an Ebola ‘expert’ (see puff piece without any disclosure).
Other publications he bribes treat him like an economist, but some show that he does not grasp economics and he has the nerve to blame others for not paying tax (or encouraging further taxation on those whom he is taxing) while he uses his fake ‘charity’ to avoid paying tax. Yes, he points his fingers at poor people or middle-class people when he himself evades tax using a classic trick. He still works on privatising land1, 2]. That’s when when one seeks to profit from what’s public, having reached or exceeded the limit of one’s greed. █
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Summary: Microsoft’s arrogant and famously corrupt co-founder is taken to task by those whom he is trying to bamboozle for monopoly, unlimited cross-generational power, and never-ending profit without risk
THE Gates Foundation is a very megalomaniac organisation. It is Gates’ ego and money-harvesting operation. It is tax exempt because it masquerades as a charity while the reality of the matter is, as reiterated by this report about Cascade Investment LLC, the primary goal is profit, not giving. The article from The Wall Street Journal (owned by a friendly billionaire) and other Wall Street press tries to trivialise it like “The arrangement is simple: Mr. Larson makes money, and Mr. Gates gives it away.” Giving it away to whom? Putting the PR offensives aside (health-washing and education-washing), consider articles like this new one titled “Bill Gates Donates $5.6 Million to Cornell: University that Helped Monsanto Promote GMO rBST”. Unsurprisingly, Bill Gates is a big investor in Monsanto. What a coincidence. Science, charity, education — surely! Or maybe just self interest, greed, and ultimately profit?
In the media, which a lot of the time gets bribed by Gates (he spends around $300 million per year paying media companies), Gates is portrayed as one who supports poor students, poor academics in need of funding, and the solution to world hunger, disease, etc. It could not be further from the truth if one actually looks what he invests in (for profit). It’s a diversion tactic, tactfully implemented and maintained.
“In the media, which a lot of the time gets bribed by Gates (he spends around $300 million per year paying media companies), Gates is portrayed as one who supports poor students, poor academics in need of funding, and the solution to world hunger, disease, etc.”Bill Gates paid The Guardian a lot of money for sponsorship, puff pieces, fake endorsements (at the top of thousands of article), and for silence (i.e. no criticism) on Gates investments.
“Comment is free”, a section of this paper that Gates controls only to a lesser degree (he has already bribed it for silence and grooming, but silencing contributors is a tougher challenge), published the other day an article title “Why the Big History project funded by Bill Gates is alarming”. The article is summarised as follows: “As UK state schools increasingly follow the US model, someone with no background in education could disrupt the learning of thousands of children” (“Big History” is similar to “Common Core” in the buzzword sense. A lot of it started in the paper/journal of record which Gates likes to visit to push his agenda).
Remember what Gates does to occupy the education system (currently through “Common Core”) and what he has done to capture British schools as well (indoctrination), not just British policing. An article by Valerie Strauss, a longtime critic of Gates, was published in a competing journal of record (from which the Gates family got kicked out after misconduct). It is an article titled “Bill Gates wants your kids to learn history this way — and he’s paying to get it into schools”. It’s about the same issue. It’s worth reading.
The bottom line is simple. Be aware that a lot of the press gets paid by Bill and Melinda to praise them. It’s not a donation but a request with strings attached to money. It all helps distract from other evil business practices that Mr. Gates uses to make himself even richer (while pretending to be giving away money).
Thankfully, a lot more people have become aware of this in recent years. Gates’ information warfare is not working quite as he once hoped. It is especially hard to bamboozle educators by preying on ignorance. Teachers have become some of his most vocal critics and they are thirsty for knowledge about Gates’ real motivations, which have nothing to do with human welfare; it’s about corporate welfare of companies that Gates invests in.
Bill has always worked for Bill. Never for the world, which to him is merely a resource for exploitation. █
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Is this BusinessKorea’s depiction of Elop and Ballmer?
Image from BusinessKorea
Summary: Harsh words from the national press of South Korea as Nokia’s role in Microsoft’s anti-Linux tactics becomes more apparent
MICROSOFT is a big loser, but a dangerous loser nonetheless. Microsoft is above the law in many countries and it knows it. So, inevitably, Microsoft acts like it always has and it resorts to criminal activities in an attempt to destroy the competition. It’s just the same old Microsoft, acting like a spoiled brat and a bully.
Last week the Korean press was portraying Microsoft and Nokia as trolls (pay attention to the photos in this article). To quote the opening paragraphs:
Korean Industry Demanding Measures against Patent Offensives by Nokia, Microsoft
The local electronics industry is demanding stricter conditions for the approval of Microsoft’s purchase of Nokia by the Korea Fair Trade Commission (FTC). The demand is attributable to the fact that those conditions will inevitably have a huge influence on the industry.
Remember that the criminals from Microsoft (crimes like racketeering and conspiracy to extort from multiple directions, patent-stacking, etc.) recently sued the increasingly-confused Samsung, which became a litigation/extortion target of Nokia (e.g. via MOSAID) and Microsoft trolling.
European regulators have already warned about this. They seem to know what Microsoft is up to. For those who still insist that Microsoft is not a crime syndicate masquerading as a company this report can serve as a reminder:
Business Korea has just published a very provocative piece that depicts a monstrous troll attacking its home country’s pride and joy, Samsung. That troll, you’ll be surprised to learn, is Nokia.
The reason for this is easy to understand: Samsung may be forced to pay one of the history’s biggest patent royalty sums to Nokia, and fellow Korean electronics titan LG is not scot free, either.
What unleashed the beast in the Finnish company was its decision to sell its handset division to Microsoft a while back. As long as Nokia was a phone company, it was bound by a web of cross-licensing deals limiting how much it can charge for its thousands of handset-related patents. Nokia needed to use both essential and non-essential patents held by Samsung, Apple, Motorola and other industry giants, which put a rather severe cap on how much it could charge other phone vendors.
Microsoft is not even interested in Nokia as a producing company, based on recent layoffs that affect Finland while Microsoft is avoiding many billions in tax. As one of the latest articles put it, “Microsoft’s Staggering Tax Dodge Alone Would Fund the Entire State of Washington for Two Years”. This was pointed out by a former Microsoft employee who protested against this, but suddenly it’s all news again:
Reading companies’ annual reports to the Securities and Exchange Commission is a reliable cure for insomnia. Every so often, though, there is a significant revelation in the paperwork. This year, one of the most important revelations came from Microsoft’s filings, which spotlighted how the tax code allows corporations to enjoy the benefits of American citizenship yet avoid paying U.S. taxes.
According to the SEC documents, the company is sitting on almost $29.6 billion it would owe in U.S. taxes if it repatriated the $92.9 billion of earnings it is keeping offshore. That amount of money represents a significant spike from prior years.
When people insist there there is a ‘new’ and reformed Microsoft be sure to recall and pointed the racketeering, the massive tax evasion, and many more of Microsoft systemic abuses. The company deserves to have no more than zero employees, or many who are in prison. But when corporations control politics this is unlikely to happen any time soon. The criminals not only get away with crime; they get wealthy and they hide their wealth from the state. █
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Summary: A new report about Microsoft’s admission that it plays dirty tricks with tax (sometimes using moles in government) is increasing awareness of Microsoft’s criminal aspects
Microsoft does not like paying tax. Microsoft is above the law, so why should it bother paying tax? Just like Bill Gates it is robbing the public while pretending to have little to do with national deficit, Microsoft is actually looting the US and many other parts of the world where it uses similar tricks. India found Microsoft guilty half a decade ago.
Last week when we wrote about Chile we mentioned reports about Microsoft’s colossal tax evasion. Professor Diane Ravitch, who has been watching Gates for years and called for investigation against him, responded as follows:
That kind of money, repatriated to the United States, could underwrite prenatal care for low-income women, provide early childhood education for all low-income children, underwrite medical clinics in low-income communities, and save public education in cities like Detroit and Philadelphia, where it is in dire peril. Imagine $550 billion invested in the well-being of our children! Imagine using that money to reduce our child poverty rate, which is currently the highest among the advanced nations of the world.
The comments are worth seeing too. To quote the first comment: “Perhaps it’s time for Bill Gates teflon coated self be put in jail for tax evasion, after he coughs up back taxes…..One can have hope or fantisize”
The other comments focus on Gates’ corrupt characters and are hardly any favourable than the above. █
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