Rebirth of England.

Chapter 974 Digital Tax

In fact, Airbus has always been weak in the field of regional aircraft. This is why Airbus "took over" Bombardier's C Series aircraft project and renamed it A220 in the original time and space, in order to supplement its best-selling A320 series.

Therefore, in Airbus' "old nest" European market, Bombardier Aviation's regional aircraft business can still be competitive.

In addition to modifying the A380 large passenger aircraft ordered from Airbus into his new "palace in the sky", Barron will also gradually convert the Gulfstream G series private aircraft into business jets produced by Bombardier for short-distance flights and convenient landing in the future.

The "Presidential Jet" of his company will also be gradually replaced with Bombardier's Challenger series.

As for Barron, he has his eyes on the Global 8000 business jet recently announced by Bombardier, but this aircraft has not yet completed testing and he will have to wait another two years before he can get it.

It can be said that after Barron acquired Bombardier, Gulfstream lost a major customer...

Well, not only that, but it also faces an even stronger competitor in the business jet sector – Standard Bombardier.

……

On December 12, after several months of negotiations, Sky Group finally reached an agreement with DailyVedio. They merged their own streaming platform into DailyVedio and acquired a 10% stake in DailyVedio.

At the same time, SEM Group also announced that it had reached a strategic cooperation agreement with DailyVedio. They will invest 6 million pounds, plus their related media resources, for a total of 10 billion pounds, to acquire a 10% stake in DailyVedio.

In this way, DailyVedio, a streaming platform with viewers across the UK, Europe, Australia, North America and parts of Asia, has, after years of development, more than 10 billion users and more than 5 million monthly active users, and its valuation has reached 100 billion pounds.

At the beginning, DailyVedio was jointly established by O2 Telecom and Digital UK. However, Digital Future, a subsidiary of Caesar Fund, later increased its stake in DailyVedio to 70% by injecting capital and acquiring shares held by Digital UK, while O2 Telecom owned 30% of the shares.

Later, in order to compete with British Telecom (BT)'s online video business, O2 Telecom once again increased its investment in DailyVedio, bringing its shareholding ratio to 40%.

Now after the agreement is reached, DailyVedio's shareholding ratio is as follows: Digital Future holds 45% of the shares, O2 Telecom holds 30% of the shares, Sky Group holds 15% of the shares, and SEM Group holds 10% of the shares.

It can be said that Digital Future’s total investment in DailyVedio is less than 1 million pounds, and its holdings are currently worth 45 billion pounds. The investment in DailyVedio is a very successful one.

Currently, DailyVedio is more than just a website. They have two main applications - DailyVedio and Daily TV. DailyVedio is mainly a video sharing content of self-media and individual users similar to YouTube, and also includes some paid programs officially released by media such as ITV, BBC, BSkyB and other media.

Daily TV is available on multiple platforms including mobile phones, computers and set-top boxes. Its content mainly includes variety shows, TV series and other programs from its partner TV stations, as well as film and television content purchased by DailyVedio.

DailyVedio CEO Carrie Simmons later revealed to the media that they plan to go public next year and will be listed on Nasdaq and the London Stock Exchange for financing. At the same time, Carrie Simmons also revealed that DailyVedio will increase the proportion of their self-made content in the future. They have purchased the copyright of the American TV series "Succession" and will cooperate with Summit Media under SEM Group to shoot the British version of this TV series.

After all, the main source of income for DailyVedio is still advertising revenue, which accounts for 60% of their total revenue, while the income from paid content only accounts for about 35%...

Among them, the content with the highest user subscription volume of DailyVedio so far is still the classic British TV series "Downton Abbey".

It can be said that driven by Woaw and Digital Future, the development of London Tech City is much smoother than in the original time and space, and the results are more fruitful.

Not only are the European headquarters of Silicon Valley giants such as Microsoft, Google, and Yahoo located in Tech City, but in addition to companies like DailyVedio and Argos.com, a number of Internet projects have also been incubated in London Tech City, including some small e-commerce and group buying websites. Although they face competition from Argos and Amazon, they have also been able to develop well in some niche vertical fields.

If Silicon Valley is the center of the global Internet, then London Tech City has also become the center of the European Internet. London Tech City has explored a relatively complete incubation mechanism for start-ups, attracting relevant talents from all over Europe to start businesses. Not only Digital Future Investment Company, but also the British government's special support fund and some increasingly active European local Internet venture capital institutions are concentrated in Tech City, which has completely changed the appearance of the once slightly decadent East London and made it full of technology.

……

“We need to impose a digital tax on those Internet giants!”

Just before Christmas, the British government declared so.

After Britain took the lead in proposing the idea of ​​​​imposing digital taxes, EU countries seemed to suddenly realize it. France, Germany and other countries also began to announce that they would study the imposition of digital taxes on Internet companies, and these European countries are ready to reach a consensus on the imposition of digital taxes.

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The UK Treasury said:
“Applying current corporation tax rules to digital economy businesses creates inconsistencies between where profits are taxed and where value is created.”

They believe that setting the digital tax rate at 2% would bring the British government an additional £5.15 million in fiscal revenue each year.

"We have invested heavily in the construction of the UK's network, but the ones who occupy the most of these resources are the global Internet giants. They need to pay for it. However, in order to promote the development of Internet start-ups, I think there should be a certain threshold for companies to be subject to digital taxes. The most profitable giants should pay these fees. This is very reasonable. After all, search engines, social media services and online market services of companies such as Google, Yahoo and Amazon are the companies that occupy the most public bandwidth resources..."

Regarding the issue of imposing digital taxes, British Minister of Business, Innovation and Skills Joe Harriman publicly stated that the target of digital taxes should be placed on overseas Internet giants.

In fact, the reason why the British government demands the imposition of a digital tax (data facility service fee) is not only because it is really short of money, but also because they can no longer tolerate the fact that global Internet giants such as Google, Yahoo, and Amazon have occupied the vast majority of network facility resources that the British government has spent huge amounts of money to build, but have paid very little tax to the British government.

(End of this chapter)