Bonum Certa Men Certa

Microsoft, a Notorious Tax Evader, Takes Money from Taxpayers to Help Its Own Business (Updated)

Hands grab money



Summary: Money is being stolen from the public in order to fund projects that are beneficial to Microsoft, which increasingly experiences financial difficulties

Microsoft's tax evasion around the world is a topic that we previously summarised right here. Almost no other company is equally notorious for taxation irregularities -- an issue that's rather consistent across the board. So how does it feel to know that this year's public looting (more commonly known as "bailout" or -- more euphemistically -- "stimulus") will go to a tax-evading monopoly abuser? That is precisely what's likely to happen pretty soon, according to Bloomberg.

Microsoft Corp., which has $20 billion of cash in the bank, is among the first in the Puget Sound area to benefit from the investment in roads and bridges through President Barack Obama’s stimulus plan.

Local planners allotted $11 million of $214 million awarded to the region to help pay for a highway overpass in Redmond, Washington, connecting one part of Microsoft’s wooded campus with another. The world’s largest software maker will contribute almost half of the $36.5 million cost. Other federal and local money will pay the rest.


Here is the more concise summary from Slashdot:

'Bridge to Microsoft' Gets Federal Stimulus Funds



"Among the first to benefit from the investment in roads and bridges through Obama's stimulus plan is Microsoft, which has $20B in the bank. Local planners have allotted $11M to help pay for a highway overpass to connect one part of Microsoft's wooded campus with another. Microsoft will contribute almost half of the $36.5M cost; other federal and local money will pay the rest. 'Steve Ballmer or Bill Gates could finance this out of pocket change,' griped Steve Ellis of the Taxpayers for Common Sense. 'Subsidizing an overpass to one of the richest companies in the country certainly isn't going to be the best use of our precious dollars.' Ellis called the project 'a bridge to Microsoft,' alluding to Alaska's infamous 'Bridge to Nowhere'."


Lest we forget that Microsoft lobbied for the bailout and Steve Ballmer got personally involved in this. Microsoft is approaching debt [1, 2, 3, 4, 5] and it has been having financial problems for quite a while (with a recent investors backlash).

A few days ago we wrote about Microsoft's prospects being further disregarded by Morgan Stanley and here is a report on the subject, which happens to come from the so-called "Wintel press".

Microsoft shares fall on weaker PC growth outlook



[...]

Morgan Stanley analyst Adam Holt expects PC unit sales to fall by 11 percent for calendar year 2009, down from his previous outlook of a 2 percent decline.


The large majority of Windows users are stuck with Windows XP. Given that fewer people are buying new PCs nowadays, the likelihood of upgrading to GNU/Linux is increased considerably.

Updated: Coverage from the 'Microsoft press' (Seattle):

Comments

Recent Techrights' Posts

FSFE: Donate to Us to Co-Fund With Microsoft the Unpaid Underage Labour, YH4F
Latest from FSFE
Links 07/09/2024: China's Financial "Bond" to Africa and Attempts to Postpone Trump Criminal Cases
Links for the day
Why We Are Suing Matthew J. Garrett for Harassment and Why It's Important to Everybody in the Community
There's a limit to how much abuse to me and to my family I can tolerate for the act of merely reporting on corporate corruption
 
Links 07/09/2024: Qualcomm May Buy Parts of Intel, YouTube Deletes Channels for the US Government
Links for the day
No, Mastodon is Not Growing, Social Control Media is Generally Waning
Our sister site pulled the plug on the whole thing over a year ago, seeing it was mostly a source of online abuse
A Loss for Fake Security, a Win for Net Autonomy
Crucifixion of domains has been ramping up this past week; it's a cautionary signal
Links 07/09/2024: UK Police Raid Journalist's Home, Epoch Times Setbacks, and Karma
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Friday, September 06, 2024
IRC logs for Friday, September 06, 2024
linuxsecurity.com is Still Spamming the Web
This is not harmless to Linux and it definitely merits a shun
Gemini Links 07/09/2024: Freedom in Bareness, Reactions in Addictive Social Control Media
Links for the day
[Meme] Confused Michael
Teaser...
Links 06/09/2024: Censorship of Sites by US, Hype Around LLMs Noted
Links for the day
[Meme] Hijacking the Brands
"Linux? Ah, you mean Microsoft!"
Google: We Help Combat What We Are Guilty of
The search itself is a conflict of interest
Linux Foundation Technical Advisory Board Has Election, But Google is Already Guaranteed Over 33.3% of the Seats ('Reserved' for It)
It has too much power/influence and it looks like a stacked panel
[Video] Theodore Ts'o Says How He Brought Linux to the United States (MIT) and What Makes Linux Leadership Effective
Microsofters keep attacking him
Layoffs Are Healthy and Not Happening
Good news for a change?
[Meme] Trickle-Down Ponzi Scheme
Where does money actually come from?
Considering Microsoft's Totally Fake Finances It Too is at Risk of Being Delisted From the Dow Jones Industrial Average and Other Indexes (NASDAQ, S and P) in the Near Future
Microsoft and Apple both had many layoffs this year
Asking Ourselves What Topics to Strategically Focus on
A lot of the tech media - if not "mainstream" media too - is already covering the growth of GNU/Linux
Media Needs to Stop Asking If "AI" is Just Hype (It Is, It's Not a Question)
The media should stop asking if the "AI" thing is bubble about to pop
Lots of GNU/Linux Detected in Palau and Windows Falls to New All-Time Low (14%)
Windows is falling further
Gemini Links 06/09/2024: Degoogling, LLMs, and ROOPHLOCH
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Thursday, September 05, 2024
IRC logs for Thursday, September 05, 2024
Links 05/09/2024: Starlink to Block Twitter (X) in Brazil, Ukraine Government Shake-Up
Links for the day
Gemini Links 05/09/2024: Going Vegan and Internet Office Hours
Links for the day
GNU/Linux and ChromeOS Still Moving Up in Africa
Chromebooks (with ChromeOS) aren't big there, but "proper" GNU/Linux is a fast-growing force
Links 05/09/2024: Apple Misleads UK Regulators, Microsoft Tries to Ignore Backlash Against Windows Ingrained CCTV
Links for the day
ChromeOS+GNU+Linux in Sweden Now Hovering Around 20%
It seems like Chromebooks are doing well enough in Sweden to bring up GNU/Linux usage to about 20%
Gemini Links 05/09/2024: ROOPHLOC, Source-of-Truth Problem, and Arrival of Autumn
Links for the day
Terms of Service (TOS) Under Scrutiny - Part XIII - RealVNC and What It Does in Practice
Some of these companies have financial objectives and they view users' behaviour/data as an "asset" they can sell for profit; do you wish to becoming their "client"?
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Wednesday, September 04, 2024
IRC logs for Wednesday, September 04, 2024