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Definition of Globalisation: world’s richest companies bilking governments of taxes due

Irish Times Article – Google saves millions in taxes thanks to its Irish operation: An effect of the arrangement is that Google Ireland, the operating company, made an after-tax profit of only €2.74 million on a turnover of €603 million…. Google Ireland paid Irish corporation tax of €1.6 million.Earlier this month the Wall Street Journal reported that an Irish subsidiary of Microsoft was helping it reduce its tax bill by at least $500 million annually.

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Web 2.0 Definition

Some smartasses in search of investors have invented a new term: Web 2.0.

Basically that means using Javascript in advanced way to improve the functionality of individual websites. Or in simpler terms, improve your website.

The nasty chaps over at The Register in the UK have had enough of pompous manifestos and declarations about Web 2.0 and decided to run a contest for definitions of Web 2.0 among their readership.

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