Plenty of known loopholes for tax avoidance.
Used to work for a company that made killer profit, but 85-90% of it was funneled to the parent company to pay for the leverage of the PE investors who bought the company for 10x their EBITDA. Say we made 100 million EBITDA, the official result was around 10-15 million, and was the basis for our taxation.
All this money was paid as various fees and licenses and was calculated into the budget the year before. We had specific goals that we needed to hit and, and bonus payment was based on these goals. Our collective bonuses was a drop in the ocean compared to the result of the company.
The parent company in Germany then had at least three levels of holding companies, all incorporated in Luxembourg, between them and the owners.
Was a fun place to work when we got sold as suddenly there were som extra rounds of bonuses to go around as carrots for us to stay on during the sale, and even more stay-on bonuses for those who staid on after the sale.
According to my boss at the time - the perk of being in a PE backed company.
Wouldn’t be surprised if they’re up for sales again next year.
Apple literally rolled out the feature 13 months ago with 24 months free use with the purchase of a compatible device.
How can you claim any statistics on the topic?
But yeah, I think the real interesting thing is what’s going to happen with the LEO constellations, but I also get why Apple isn’t keen on relying on a Musk-driven enterprise.
All other LEO-constellations are probably a decade away from having enough coverage.
I think Apple wants to get in the game now, and they have the money to spend on differentiating themselves.
And for those who have stumbled into a situation where they needed it and been rescued it’s great, but on the other hand the majority of the planet is not served as of now.