Wednesday, December 5, 2012

Google playing Modern Day Robinhood?

One one hand, Google is accused of evading taxes (Check out the Forbes article: "Is Google avoiding or evading taxes in the UK?". Link here). On the other hand, Google does charity work (Google Global Impact donated $23 million recently. Link here).

Google playing Modern Day Robinhood?

Another way to look at this scenario is this:
Corporations are EXPECTED to do charitable work and implement CSR (Corporate Social Responsibility) initiatives. It helps build a good brand image as a caring corporation - a good corporate citizen. So, while the strategists recommend charitable activities, the accountants and financial analysts / controllers are hard at work at saving money for the corporation by minimizing taxes - in a legal manner.

This way, the public is happy and the company gets a good name. The government is miffed. But who cares? LOL.


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