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Lecture 1

MGM101H5 Lecture 1: Introduction
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2 Pages
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Department
Management
Course Code
MGM101H5
Professor
Dave Swanston

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MGM101: Lecture 1: An Introduction to Management(Dave Swanston)  Article   EU Reps admit that the $14.5 Billion Apple Tax Bill was Political   o “European Commission denies that its shock demand that Apple hand 13 billion euros in  back taxes to Ireland is in the pungent phrase of Apple CEO Tim Cook, “total political  crap”(Fortune, 2016)  o Story about implications on apple and other companies  o How could this affect other businesses and their shareholders?  o 2015: Apple made profit of $53 billion dollars, if the tax implications are higher on them it  would have a severe impact on their businesses  o They make $1700 profit every sec, make billions every week, sales over $230 billion dollars:  this data shows Apple pays little to no tax which affects moral and competitions in the  market  o Unfortunately, these days businesses have not paid their fair share of taxes and that impacts  other businesses progress  o This is why it is important for future leaders and businesses to run businesses in an  important ethical manner  o Canada is one of the wealthiest and best places in the world and still going through poverty  (theres 1 in 4 people going through poverty)  Tips   There is NO wrong answer so feel free to share important ideas and opinions on sub
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