Infinite rabbit hole: from .ai to apples

What happens when you just enter that hole?

1. Infinite rabbit hole December 20th, 2023

2. Anguilla

3. Anguilla

4. Anguilla Population: 15K

5. Anguilla Population: 15K Red footed tortoise Tree frogs

6. Anguilla Population: 15K Red footed tortoise Tree frogs

7. Anguilla Population: 15K Red footed tortoise Tree frogs

8. Anguilla Population: 15K Red footed tortoise Tree frogs

9. Anguilla Population: 15K Red footed tortoise Tree frogs Revenue $80M

10. Where does $30M of $80M in income come from?

11. AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI .ai AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI

12. Let’s play a game .ai Anguilla .co .tv .ly .me .io

13. Let’s play a game .ai Anguilla .co .tv .ly .me .io

14. Let’s play a game .ai Anguilla .co .tv .ly .me .io Colombia

15. Let’s play a game .ai Anguilla .co .tv .ly .me .io Colombia

16. Let’s play a game .ai Anguilla .co .tv .ly .me .io Colombia Tuvalu

17. Let’s play a game .ai Anguilla .co .tv .ly .me .io Colombia Tuvalu

18. Let’s play a game .ai Anguilla .co .tv .ly .me .io Colombia Tuvalu Libya

19. Let’s play a game .ai Anguilla .co .tv .ly .me .io Colombia Tuvalu Libya

20. Let’s play a game .ai Anguilla .co .tv .ly .me .io Colombia Tuvalu Libya Montenegro

21. Let’s play a game .ai Anguilla .co .tv .ly .me .io Colombia Tuvalu Libya Montenegro

22. Let’s play a game .ai Anguilla .co .tv .ly .me .io Colombia Tuvalu Libya Montenegro

23. Let’s play a game .ai Anguilla .co .tv .ly .me .io Colombia Tuvalu Libya Montenegro British Indian Ocean Territory

24. Let’s play a game .ai Anguilla .co .tv .ly .me .io Colombia Tuvalu Libya Montenegro British Indian Ocean Territory

25. The 14 British overseas territories

26. !?

27. Sandwich? Why name it Sandwich?

28. WAIT A SEC. WHERE DOES SANDWICH COME FROM?

29. A guy named John

30. John Montagu, 4th Earl of Sandwich

31. An English aristocrat

32. John, Earl of Sandwich , liked to gamble.

33. X X X

34. So he started ordering “meat between two slices of bread.”

35. So, his friends began to order “the same as Sandwich”

36. So, his friends began to order “the same as Sandwich” That was the 18th century

37. What’s a sandwich today?

38. If it’s a closed sandwich: "at least 35% cooked meat and no more than 50% bread"

39. If it’s an open sandwich: "at least 35% cooked meat and no more than 50% bread"

40. Hi 👀

41. “"any form of bread with a filling, generally assembled cold"

42. “"any form of bread with a filling, generally assembled cold" This includes wraps and bagels

43. BUT NOT BURGERS

44. Double Irish Dutch Sandwich

45. Let’s say you’re selling apples in Canada and you want to minimize taxes.

46. Let’s say you’re selling apples in Canada and you want to minimize taxes. You set up two Irish companies and a Dutch company.

47. Irish company 1 The main company Irish company 2 - in a tax haven (like Bermuda) Dutch company

48. Irish company 1 The main company Irish company 2 - in a tax haven (like Bermuda) Dutch company Irish company 1 buys apples for a good price

49. Irish company 1 The main company Irish company 2 - in a tax haven (like Bermuda) Dutch company 2. Irish company 1 sells them to the main company at a HIGH price

50. Irish company 1 The main company Irish company 2 - in a tax haven (like Bermuda) Dutch company 3 . Main company sells apples in Canada, but makes no profit, because the cost of the apples was higher than the revenue

51. Irish company 1 The main company Irish company 2 - in a tax haven (like Bermuda) Dutch company 3. This means main company won’t pay taxes in Canada.

52. Irish company 1 The main company Irish company 2 - in a tax haven (like Bermuda) Dutch company 4 . But Irish company 1 made money from the sale of apples to the main company.

53. Irish company 1 The main company Irish company 2 - in a tax haven (like Bermuda) Dutch company 5 . To avoid making profit, it pays all the proceeds to the Dutch company. “Management and licensing fees”

54. Irish company 1 The main company Irish company 2 - in a tax haven (like Bermuda) Dutch company 5. Two EU-based companies → no withholding tax to be paid.

55. Irish company 1 The main company Irish company 2 - in a tax haven (like Bermuda) Dutch company 6. But wait, won’t the Dutch company need to pay taxes? Yes, if it keeps it.

56. Irish company 1 The main company Irish company 2 - in a tax haven (like Bermuda) Dutch company 6. But what does the Dutch company do? It transfers it to the Irish company 2

57. Irish company 1 The main company Irish company 2 - in a tax haven (like Bermuda) Dutch company 7 . And because Irish company 2 is in Bermuda, it pays no income taxes. TAX EVADED!

58. Speaking of apples.

59. Apple does that :)