Can make a profit for $ 315 billion Doesn’t it pay a single euro in taxes? Yes. Irish Subsidiary Microsoft ⁇Round Island One Limited»Is controlled by Bill Gates’s established group, which collects license fees for the use of copyrighted Microsoft software worldwide. In 2020, the company had a record profit of $ 314.7 billion. Also, thanks to the tax residency in Bermuda Paradise, which does not tax corporate profits, He did not pay any taxesIn Ireland. Zero. Nisba. In Bermuda, the company has a tax address, but no employees except all three directors (all living in the USA). The fact that the British newspaper “Guardian” points out is taken from official financial statements published by the same company.
GDP growth of Microsoft and Ireland
Zero tax on sales not far from the amount National GDP Irish 2020: 357 billion euros, or $ 437 billion. In fact, Microsoft’s deduction from Irish taxes is about three – quarters of the country’s total revenue. According to the Irish Times, which raised the case, the revenue has doubled 55 billion dividend To the parent company. Profit of Round Island OnE, Founded in 2001 at Sir John Rogers’s Quay No. 70 in Dublin with their physical headquarters, they have literally exploded in the last 12 months: from 10 billion last year. According to the Irish Times, the jump in profits is the result of surpluses and assets acquired by two subsidiaries: Microsoft Luxembourg, US Mobile Sarl and Max Holdings Limited. Company reorganization It had assets of $ 301.1 billion.
La Corporate Tax
Tax evasion by big companies and multinational corporations is an issue that has been on the agenda of world politics. Leaders – Joe Biden In the head – they argue a Global corporate tax. The US President’s proposal to increase this to 15% may be accepted G7 From Friday in Great Britain. The finance ministers from the Group of Seven Rich Democracies will begin economic cooperation talks in London. Biden’s motivation for a global minimum corporate tax At least 15% It has unlocked stalled global tax talks and raised the possibility of a deal this year, however key issues such as effective rates need to be decided.
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