I've used Excel for 25 years as an analysis and communication tool (and sometimes even as a spreadsheet) and have never seen it round up anything without being told to. Perhaps it's the zero gravity environment?
Posts by Hippomenes
3 publicly visible posts • joined 5 May 2015
Astronaut Tim Peake reminds everyone about the time Excel mangled his contact list on stage at Microsoft AI event
Samsung Note 7: Probably the best phone in the world. Yeah – you heard right
Australia cracks tech giants' tax dodge code
Tuesday 5th May 2015 01:04 GMT
The logical way to tax global businesses is to identify the value added in each tax jurisdiction (country) that participates in the production of the service or item and then tax that value added. This is essentially the objective of the last couple of decades' worth of plans and "guidance".
The outcome of this would be that, say, Apple products - conceived and designed in one jurisdiction (US) and managed in another (China or Taiwan) - are taxed in Australia only on the value added by the Australian operation. Which, in the scheme of things, is f*** all.
So I doubt Australia is losing much in this particular example.
Obviously the logical way to avoid this tax is to pretend that value was added in a low tax jurisdiction (e.g. Eire or Singapore) . Apple's profitability suggests a lot of value is being added somewhere and even Lara Bingle's Rocket Zot could tell you it's not being added in Eire or Singapore.
End of the day, just like 100 years ago, we're fighting somebody else's war. In this case.
Biting the hand that feeds IT
