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The Curious Case Of Amazon: $800 Bn Valuation, $11.2 Bn Profit And Whopping $0 Tax

Amazon profit and tax 2018
Amazon.com, Inc. (NASDAQ:AMZN) is currently valued at $800 billion - the third most valued tech firm, trailing behind only Microsoft and Apple - the two tech behemoths.Jeff Bezos, CEO and Founder - Amazon.com, toppled Bill Gates, Founder of Microsoft, to become the richest person alive on this planet last year.To top it all, in fiscal 2018, the company reported...

SMEs And Startups In UK Should Wise Up When It Comes To Tax Avoidance

tax for startups in UK
At the end of last year, small businesses received a bit of a wake-up call from HMRC. Specifically, it was reported that HMRC collected an additional £474million in corporate tax as a result of investigations into SMEs during the 2016/17 tax year.This represented a 5% YoY increase and was seen by many as a warning that the tax man...

Can Nokia ‘Afford’ To Abandon India: The Bigger Debate!

Last week Nokia Corporation (NYSE:NOK) rocked the Indian market by stating “India has become least favorable market”. The Finnish handset maker conveyed the message to Indian government in June though; the impact is largely being visible across the industries, operating in India, now. According to the latest report of Indian Express, Nokia has blamed deprived political situation that is...

Indian IT Department Slaps Notice To Google India: Perfect Timing OR Just A Co-Incident ?

You can call it just a co-incident or probably the ill-fated post-discussion effect between Telecom minister Kapil Sibel and Google, held recently. Income Tax Department of India has imposed a notice on Google India - an Indian regulatory of Google- accusing of not showing up correct revenue figures. IT department has claimed that Google is making significant revenue from its Adwords program...

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YouTube Should Have Bid Adieu To Dislike Button Much Earlier?

Online video sharing platform YouTube can be a ruthless place for content creators targeted by 'dislike mobs'. And the site owners totally understand that...