Four governments investigate Google’s tax avoidance problem

Google’s tax avoidance of US$2 billion was investigated by documents from four governments, including Britain and France, which showed that in 2011, Google shifted $9.8 billion in revenue to a shell company in Bermuda to avoid a $2 billion income tax worldwide. The amount of tax avoidance is almost double that of three years ago. Governments such as France, Britain, Italy and Australia are investigating Google’s tax avoidance practices.

The report said that by transferring $9.8 billion in revenue to a Bermuda shell company, Google avoided a total of about $2 billion in income taxes worldwide; last year, the tax avoidance scale increased by nearly one compared with three years ago. Times, thus allowing Google to reduce its overall tax rate by nearly half.

It is reported that a subsidiary of the Netherlands disclosed on November 21 that the increase of Google’s transfer of revenue to Bermuda may have caused the anger of companies throughout Europe and the United States against tax avoidance. Governments such as France, Britain, Italy and Australia are investigating Google’s tax avoidance practices. These countries will increase their income during the recession.

Google last year reported that Google’s overseas profits tax rate was 3.2%, although Google’s majority of foreign sales were in European countries with corporate income taxes ranging from 26% to 34%.

Just last week, the European Commission also recommended that member states keep the tax-evacuation port "black list" and adopt an abuse. Bloomberg pointed out that tax avoidance and tax avoidance will bring about 1 trillion euros (about 1.3 trillion US dollars) in losses to the EU every year.

According to reports, the amount of funds transferred from Google’s subsidiaries in the Netherlands to shell companies in Bermuda last year increased from US$5.4 billion in 2008 to US$9.8 billion, an increase of 81%. The growth rate of Google’s overseas sales revenue is also about this speed.

In view of the current situation, analysts at US investment bank Jefferies & Co. believe that Apple's growth is expected to slow down, and the company's target stock price will be lowered from 900 US dollars to 800 US dollars. Jefferies still maintains its earnings forecast for Apple’s fourth fiscal quarter and next year’s first quarter, and maintains Apple’s stock rating “buy”.

The report added that "We have adjusted the forecast for the launch time of the iPhone 5S from the fourth quarter to the third quarter, and the EPS of the 2013 fiscal year will be boosted, but we have lowered our expectations for iPad sales. We anticipate Apple in 2014. The fiscal year's growth will slow, unless we cut operating expenses, we think Apple may have negative profit margin in fiscal year 2014, which may lead to lower price-earnings ratio."

Facebook data: WP mobile phone sales have reached 4.2 million units since October When Microsoft CEO Steve Ballmer announced previously that Windows Phone mobile phone sales reached four times the same period last year, this became the headline news. Ballmer's speech and several other positive factors made the technology blog TNW indicate that the Windows Phone device has entered the "age of adulthood." Today, relevant data from Facebook seems to confirm the TNW's view.

In early 2011, TNW stated that there was a ratio relationship between the number of monthly active users (MAU) of the Windows Phone Facebook application and the total sales of Windows Phone mobile phones. Since "retired" mobile phones are not included in these data, monthly active users help analyze recent sales data of Microsoft Windows Phone phones. The relevant data released by the market research organization WM Poweruser website shows that compared with the same period of last year, the number of monthly active users of Windows Phone has increased significantly. Since January 1, this year, the number of monthly active users of Windows Phone Facebook has increased by approximately 627,000, and the number of monthly active users of the application has increased by less than 150,000 as of December 15 last year. The number of 627,000 is about four times that of 150,000, which is in line with Ballmer's previous speech.

According to reports from TNW, active users of each Windows Phone Facebook application correspond to sales of 6.752 Windows Phone handsets. Although the Facebook usage model is changing, the user base of Windows Phone is changing, but based on this ratio relationship, the 62.7 million monthly active users in the Windows Phone Facebook application since the 1st of October this year can be calculated against the 42.601.2 million Windows Phone mobile phones. Sales volume. In addition, market research firm Gartner released relevant data, Windows Phone mobile phone sales in the fourth quarter of last year was 2.569 million, but Gartner's statistics are based on end-user sales instead of mobile phone shipments, which shows that from the year 10 On the 1st of the month, the number of Windows Phone handsets sold so far has reached 7 million, and the final sales of Windows Phone handsets in the fourth quarter may reach 10 million.