35
Can You Name That Media Company?
"The Hungarian companies get all of ___'s international income, which flows in from 13 different salespeople in ten different countries and which, since it’s international income flowing to a Hungarian company owned by a Cayman Islands parent, is basically pure profit which never comes close to being taxed in the U.S. The result is a company where 130 U.S. employees eat up the lion’s share of the U.S. revenues, resulting in little if any taxable income, while the international income, the franchise value of the brands, and the value of the technology all stays permanently overseas, untouched by the IRS." The answer may surprise (and/or bore) you.
With a name like that, how does Felix Salmon not write for the FT?
He did. Then Reuters offered him a whole bunch of money to join their new opinion-blog site.
I got about halfway through that post and gave up for the time being.
Yes. Also, most interesting treatment of GM in years, so therrre you go.
I like how a 'massive change' is a sales guy leaving.
Grit?
Many US companies have the same set up using Ireland.
then Ireland gets drunk and tells America off for using her for money.
and kicks America out of bed but then later comes tomcatting around the couch because booze makes her horny.
And then Ireland goes bankrupt and everyone takes their money out of it and finds a new country.
and then Canada notices an opportunity and offers to buy Ireland a drink…
And then a tanned and assholish USA in a polo shirt butts in and cockblocks Canada with an unfunny joke about Catholic Priests.
@Choire: too reality-based.
Polly Toynbee touched on this a while ago. It has to do with fairly technical tax issues involving transfer pricing that even after two law-school tax courses I only understand on a sketchy level, so I'll just quit while I'm ahead and point out the corporate structures are called the “double Irish” and the “Dutch sandwitch.”
…………..AMERICAN APPAREL!
Vibe.
Vice.
Tawlk!
RKO! IS IT RKO!?
IV. MATERIAL TYPE EXPENDITURE 350,947
V. PAYMENTS TO PERSONNEL 0
VI. DEPRECIATION CHARGE 33,230
VII. GOULASH 15,989
Szeged Paprika. Don't forget the Paprika.
VIII. SZEGED SALAMI/PAPRIKA 1,800
VIIII. MALE NURSE 18,799
So Denton is basically Krusty?
"Choire … I am your father!"
"NO-O-O-O-O!!!"
http://www.nooooooooooooooo.com/
Christ, that REDESIGN. Holy Hell.
Its TERRIBLE! Wow, look at that new fucking "technology" at work.
The problem is that most readers don't want to read every Gawker story, nor for God Sakes every Lifehacker story. But instead do a quick perusal of 15 stories and find one that interests the reader. By lumping every other story in a sidebar in a small font, the redesign hinders browsing which is the only real attraction of Gawker as a story aggregator.
ALSO PHOTOS! Stories need visuals or they won't attract hits.
How does Drudge Report survive then? Seriously. I would like to know.
If it ain't broke don't fix it. Drudge could go for an update, but it accomplishes its objectives just fine with its 1995 style.
Ahhh, yes…interesting and boring. Thanks Choire ;-)
Felix says nobody at Gawker has ever had kids. Choire, was I really the only site editor in Gawker history to have kids? TRUE FACT: The reason I went to work for Nick in 2005 — after knowing him and fighting with him since 1997 — was because I had my first kid and needed MONEY. Why else would anyone want a fucking job blogging?
John Cook has a young son and another on the way. And I, of course, gave birth to a litter of badger pups some time ago.
You should name them all Nick!
OK Choire, first there was the ever popular change jar. Now I want you to take one of those valuable Gawker stock certificates and see how many shoes Bergdorf's will trade you for it. Video or it didn't happen.
I was so hoping Felix would finally blow the lid of David Cho's complex financial shenanigans. But alas, we must wait another day.