I collect gold fingers in the heavens

Chapter 619 Long Discourse
[Forcing] Although there are many users who vent their emotions and shake their wits, there are still many users who are more rational.

Regarding the loss of [Chaoqun Group], some users carefully studied the financial reports of related companies and wrote a long article:

The [Audition] project, which accounts for most of the overseas income of [Superior Group], belongs to [Xuanjie Technology]. This company is listed on the A-share market.

If the company goes public, it needs to announce its financial report and the company's operating conditions to the outside world.

The user finds the financial report released by [Xuanjie Technology] last quarter.

The financial report stated in detail that in one quarter, the company had an average of 8600 million paying users in Washington, personal consumer revenue of US$15.45 billion, and net profit of US$8.034 million.

On the other hand, the enterprise consumption side is collected on a yearly basis, and the privilege fee for three years is collected at one time. [Chaoqun Group] has already collected this tax, so the income of the enterprise consumption side is 0.

According to this calculation, [Xuanjie Technology], also known as [Super Group], can make a net profit of 32 billion US dollars a year in Washington.

Note that this is net profit.

The Chinese tax law stipulates that if a multinational enterprise has income abroad, it must first pay taxes abroad, and then combine the foreign income with the domestic income to calculate the tax payable, and then subtract the tax already paid abroad.But not all of the payment can be credited, there is a limit.

However, [Chaoqun Group], a leading domestic high-tech enterprise, has special support in this regard, and all taxes paid overseas can be fully deducted.

In fact, the taxation of multinational companies is a very complicated project.

As a company with business in multiple countries, it will naturally take advantage of the loopholes in the laws of various countries to coordinate the use of taxation, so that the company can obtain higher profits in the process and enhance the company's competitiveness.

However, if multinational companies take aggressive actions in designing international tax planning, they may be deemed by some countries as tax avoidance.For example, the establishment of a shell company in a low-tax area is in compliance with the law, but it does not meet the requirements for engaging in substantive business activities.

If you set up an intermediate holding structure and multi-layer shareholding, although this structure can be transformed into a foreign-funded enterprise, it is actually still managed by a certain country, so as to avoid the jurisdiction of a certain country, which is easily recognized as international tax avoidance.

If you want to circumvent the determination of permanent establishments in some countries, by dividing contracts, signing third-party contracts, etc., artificially adjusting or confusing the total project cost, and reducing taxable income, the tax authorities will use the principle of substance over form Make tax adjustments to prevent base erosion and profit shifting.

Why did Tianzhu Kingdom fine and pay taxes on the Volvo Group's transactions before?

In fact, this transaction by the Volvo Group is really an international tax avoidance in essence.

However, there are no relevant regulations in the tax law of Tianzhu, which leads to loopholes for companies to exploit.

Then Tianzhu’s eating situation is a bit ugly. After the introduction of new regulations, it will have to go back decades to implement, which has aroused the opposition of many multinational companies. This is too big a step.

In the end, he got a lot of chicken feathers, and at the same time, he got a bad name, but he didn't get any benefits.

Of course, this is going too far.

[Super Group] The integrity in this area is still acceptable. All countries pay taxes according to the law, and rarely engage in tax avoidance.

The main reason is that too much money is made.

No need!
Moreover, [Chaoqun Group]'s overseas business is relatively simple, with clear accounts, and there is nothing to avoid taxation.

Its annual profit in Washington is as high as 32 billion U.S. dollars. According to the current exchange rate, it is a net profit of at least 190 yuan a year.

In fact, the income of the enterprise must also be considered. The Washington authorities have many top ten e-commerce companies in the world, and the privilege fees paid to [Superior Group] are not that small.

If it is conservatively estimated, there are also one or two billion yuan.

As for [Super Group]'s other two overseas businesses - [Elephant Weather] and [Smart Butler Assistant], because the launch time is relatively short, and [Super Group] does not announce the relevant performance. In addition, [Elephant Weather] Because of the dispute some time ago, in a fit of anger, the overseas business has been closed by [Chaoqun Group], so it will not be counted for the time being.

In other words, if the Washington authorities close the entire market to [Superior Group], then [Superior Group] will lose at least more than [-] billion yuan a year.

According to Wu Siyuan, the boss of [Super Group], the annual profit of [Super Group] in 2020 will be as high as [-] billion yuan.

If the profit of [Super Group] in 2021 is calculated in this way,
A loss of more than [-] billion yuan may seem like a lot, but it only accounts for one-fifteenth of the profit of [-] billion yuan.

For [Chaoqun Group], it was just a drizzle, far from the point where it hurts the muscles and bones.

In fact, it is unknown whether this loss will affect [Superior Group].

Because [Super Group] is still developing and expanding its business.

Compared with 2020, [Chaoqun Group] has more businesses that have entered the harvest period, and the annual profit may have already exceeded [-] billion yuan. The loss of [-] to [-] billion yuan is not as much as its natural growth profit.

Of course, we don't know how much the specific increase will be - if [Chaoqun Group] doesn't announce its financial report to the public.

And according to [Chaoqun Group]'s consistent urgency, it rarely discloses information in this regard.

But even if the profit of [Super Group] does not increase in 2021-of course, I think it is impossible-I think the loss of tens of billions of yuan will not have much impact on [Super Group].

[Super Group] There is a very important situation that is ignored by many people.

Even though he is the richest man in the world, Boss Wu has never taken money from [Superior Group] through cashing out stocks or dividends.

In fact, where does [Super Group] spend most of its money?
It was spent on supporting domestic basic scientific research.

It was spent on support for the development of remote and impoverished areas.

spent on research and development.

But it is not spent on pleasure.

[Super Group]'s profit has decreased, and it can just deduct and deduct expenses in other areas, and it doesn't have much impact at all.

But at present, it is only the Washington authorities who have closed the market to [Super Group], and the impact is not significant.

And [Super Group]'s unique technology can prevent it from falling into the long-arm jurisdiction of the Washington authorities.

The authorities in Washington cannot do ZC [Superior Group] like ZC [Warwick].

After all, [Chaoqun Group] provides software services overseas, which are different from [Huawei]'s physical products.

But you still have to be careful, the Washington authorities use their international influence to get other countries to join the ZC and collectively close the market to [Superior Group].

If this is the case, it will be a major blow to [Superior Group].

(End of this chapter)