Mark Zuckerberg tried philanthropy before, stumbled and learned

washingtonpost.com

5 points·e15ctr0n··6 comments

So did Bill Gates. When will these people learn that though they can create products and sell them, they can not fix complex systems.

Who are the people that can fix complex systems? If a group of people like this exists then why do we still have broken complex systems?

I think that the more influence and wealth you wield, the better your chances are of 'fixing' a system and I think what they are trying to do is more commendable than what the majority of us do with our spare time and cash.

Dear Mark,

Please pay your corporate tax instead.

thanks, Planet Earth

How does paying America's unique worldwide corporate tax help planet earth?

There are loopholes everywhere, and Facebook is not paying corporate tax anywhere including the UK and other places. It is not only the USA.

Facebook avoids taxation just like Google, Apple and countless other multi-national corporations. You don't even have to be in the Unicorn club to make entirely legal tax avoidance schemes a worth while endeavor. Call up EY, PCW, or really any law firm/accountant/tax advisor and you too can enjoy an effective tax rate in the low teens or even lower.

They do pay taxes. They play loopholes in numerous jurisdictions to avoid tax as much as possible.

Why do they do that? Because everyone else does. Also they have a fiduciary duty to do so. Yes, it's technically, actually, illegal for them _not_ to avoid taxation as much as possible because, well, then they wouldn't be doing everything they can to maximize shareholder value.

Reply on news.ycombinator.com