ATO hits Big Tech haaard | Nike cut from the S&P 100 | Volkswagen to cut 50,000 jobs

The Australian Tax Office has ruled that Amazon, Google, Netflix and other tech giants need to pay extra tax in Australia…and this could cost them billions of dollars every year. Nike has been dropped from the S&P 100… after losing around 76% of its market cap.. Volkswagen's board has signed off on 50,000 job cuts and halving its car models over the next 9 years. _ Want to learn how to go from a Saver to Investor in just 7 days - watch our new series here Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay   Daily newsletter: https://bit.ly/fluxnewsletter   Flux on Instagram: http://bit.ly/fluxinsta   Flux on TikTok: https://www.tiktok.com/@flux.finance   —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes. ____See omnystudio.com/listener for privacy information.