Home > Uncategorized > Gates’ $1.7 billion donation to K-12 Education Garners Headlines… Microsoft’s $113 billion Sheltered Offshore, Not So Much

Gates’ $1.7 billion donation to K-12 Education Garners Headlines… Microsoft’s $113 billion Sheltered Offshore, Not So Much

October 21, 2017

Whenever I read about the largesse of any billionaire, the first thing I do is Google the name of their company as follows:

How Much Money Does “X” Have Overseas?

In the case of Bill Gates’ former corporation, the one that enabled him to have billions to give away, I entered “MICROSOFT” for “X” and found that Microsoft has $113,000,000,000 stashed overseas. From my perspective, I don’t care whether Bill Gates is using his money for schools or polio: if his corporation is willfully sheltering profits from taxes by stashing it in overseas accounts he should be ashamed of trumpeting any of his “generosity”. The shielding of these profits undercuts the ability of our government to help meet the basic needs of those in poverty and the ability of lawmakers to have a reasoned debate about to set priorities for money raised from taxes. In short, Mr. Gates and his billionaire buddies are undercutting the ability of our country to have a highly functioning democracy.

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