The Apple Tax Controversy

According to an investigation by the European Commission, Apple generated €16 billion in profits from its international sales in 2011. However, it only paid less than €10 million in taxes, resulting in an effective tax rate of a mere 0.05%.

In 2014, Apple's effective tax rate on international sales reached an astonishing 0.005%. To put this into perspective, imagine earning $100,000 a year and only paying $50 in taxes. It's practically like paying no taxes at all.

You've all been asking me to talk about it, and my inbox is overflowing with your messages. So let's talk about ChatGPT.

To save myself some time, I went straight to the source and asked ChatGPT to write me a video outline. Lo and behold, it spat out a list from one to seven! Now, let's break it down.

It is no exaggeration to say that the Palestinian economy has been crippled by Israel for nearly two decades. Bombings, separation walls, tunnels, land seizures, blockades, power outages, and open-air prisons – it's hard to imagine that these terms, which have nothing to do with most people's lives, all appear in 21st century Palestine.

What is the life of the Palestinians like? What has Israel done to them? Let's get straight to the point and take a look at the Palestinian economy.

The recent events at OpenAI, culminating in the brief ousting and subsequent reinstatement of CEO Sam Altman, have sent shockwaves through the tech world. While news outlets are buzzing with speculations and analysis of the boardroom drama, I want to offer a unique perspective – one that delves into the intricate power dynamics at play, the unusual corporate structure of OpenAI, and the implications this entire saga has on the future of AI.

The OpenAI Timeline: A Rollercoaster of Events

Let’s start by recapping the whirlwind of events that transpired at OpenAI.

The AI Wave: Exhilarating Advancements and Potential Risks

The rapid evolution of artificial intelligence is truly astonishing, even a bit unsettling. Just as ChatGPT took the world by storm, a relentless wave of generative AI technologies is emerging, each more impressive than the last. It's like a meteor shower of innovation, leaving us both thrilled and apprehensive.

To put it bluntly, India is a fascinating country. Over the past two decades, it has experienced a remarkable economic surge, boasting an average GDP growth rate of 6.25%. This impressive growth has propelled India past economic powerhouses like South Korea, Canada, Italy, France, and the UK, securing its position as the world's fifth-largest economy.

Tax Havens Explained: From Shakira to Adani

Mention the Cayman Islands, the Virgin Islands, or Bermuda, and many people envision picturesque Caribbean islands and vacation paradises. However, in the eyes of capital, these places are not just holiday destinations but also tax havens. These places harbor a large portion of the world's offshore companies and offshore cash. It is said that half of the world's cross-border transactions pass through these tax havens.

The recent war in the Middle East has become a global focus. To be honest, I'm really curious about what's happening right now, but I can't bear to watch the footage. I don't want to talk about war, so I'm going to make two videos to talk about the economies of Israel and Palestine separately.

Actually, Palestine doesn't even qualify as an economy because it lacks many basic economic frameworks. Over the past few decades, it's really been suppressed by Israel. We'll talk about how that happened in the next episode.

South Korea has a saying: "There are three things that are unavoidable in life: taxes, death, and Samsung." This speaks to the pervasive presence and influence of the Samsung Group in Korean society. To truly understand modern Korea, one must understand Samsung. This is the story of how Samsung grew to such a position of power, beginning with its founder, Lee Byung-chul.

Alright, settle in. Let's talk about something everyone's familiar with, but few truly understand: banks.

Our economies are utterly reliant on banks. Even Antarctica has ATMs! The word "bank" itself has been buzzing this year, hasn't it?