Raining on Apple’s Parade

Great excitement in the financial world – on Friday 3rd of August, Apple became the world’s first trillion dollar company. A mind-blowing amount of money that is more that the economic output of New Zealand and a host of other countries.

We can’t deny that Apple has developed great products. This article was written on a Macbook. But the company has also avoided paying taxes as much as possible. Apple had $811 million in sales in NZ in 2017, yet managed to whittle its profit down to $29.7 million (ODT 4 Aug). That would mean cost of sales was a whopping 96% of income – or some very creative accounting. For over a decade, Apple reputedly paid very little in taxes anywhere. Continue reading

A Living Wage Might Be Our Best Shot At Saving The Planet

Our planet is awash with stuff. Stuff produced using energy provided by fossil fuels, in the main. Stuff that is made out of petroleum-based products. Stuff that uses up valuable and finite resources, such as fresh water and minerals. Stuff that requires pesticides and other harmful chemicals to grow and to process. Slowly but surely, all this stuff is stuffing up the planet. Continue reading