[Awesome] Although there are many users who vent their emotions and show off their wits, there are still many users who are more rational.
Regarding the issue of [Chaoqun Group]’s losses, some users carefully studied the financial reports of relevant companies and wrote a long article:
The [Audition] project, which accounts for the majority of [Chaoqun Group]'s overseas revenue, belongs to [Xuanjie Technology], a company listed on the A-share market.
If a company is listed, it needs to publish financial reports and disclose the company's operating conditions to the outside world.
The user found the financial report released by [Xuanjie Technology] last quarter.
The financial report details that in one quarter, the company's average number of paying users in Washington was as high as 86 million, its personal consumer revenue was as high as US$1.545 billion, and its net profit was as high as US$803.4 million.
The enterprise consumer side collects the franchise fee on a yearly basis, and the franchise fee is collected for three years at a time. [Chaoqun Group] has already collected this tax, so the enterprise consumer side income is 0.
According to this calculation, [Xuanjie Technology], also known as [Chaoqun Group], can earn a net profit of US$3.2 billion a year from the Washington authorities.
Note that this is net profit.
China's tax law stipulates that if a multinational enterprise has income abroad, it must first pay tax abroad, then combine the foreign income with domestic income, calculate the tax payable together, and then subtract the tax already paid abroad. But it does not necessarily have to be paid.
All can be deducted, there are limits.
However, [Chaoqun Group], the leading domestic high-tech enterprise, has special support in this regard, and all taxes paid abroad can be deducted.
In fact, the taxation of multinational companies is a very complex project.
As a company with business operations in multiple countries, it will naturally make clever use of loopholes in the laws of various countries to coordinate the use of taxation, so that the company can obtain higher profits and enhance the company's competitiveness in the process.
However, if a multinational company takes radical actions when designing international tax planning, it may be deemed to be tax avoidance by some countries. For example, setting up a shell company in a low-tax area is in compliance with the law, but it is not in compliance with the substantive activities.
requirements for business activities.
If an intermediate holding structure is set up with multiple levels of shareholding, although this structure can be transformed into a foreign-funded enterprise, it is actually still managed domestically by a certain country, thereby avoiding the jurisdiction of a certain country, which can easily be regarded as international tax avoidance.
If you want to avoid the identification of a permanent establishment in certain countries by means of separate contracts, signing third-party contracts, etc., artificially adjust or confuse the total project costs, and reduce taxable income, the tax authorities will use the principle of substance over form.
Make tax adjustments to prevent tax base erosion and profit shifting.
Why did Tianzhu impose fines and taxes on the Volvo Group for its transactions before?
In fact, the Volvo Group’s transaction is essentially an international tax avoidance act.
However, there are no relevant provisions in the Tianzhu National Tax Law, which leaves companies with loopholes to exploit.
Then the appearance of Tianzhu became a little more ugly. After the new regulations were promulgated, they had to be implemented decades back. This aroused the opposition of many multinational companies. This was a step too big and it was too much.
In the end, it was all over the place, and at the same time, it got a bad reputation, but it also didn't get any benefits.
Of course, this is too far off the mark.
[Chaoqun Group]'s integrity in this regard is quite good. It pays taxes in accordance with the law in all countries and rarely engages in tax avoidance.
Mainly because I made too much money.
No need!
Moreover, [Chaoqun Group]'s overseas business is relatively simple, its accounts are clear, and there is nothing to avoid tax.
Its annual profits from the Washington authorities are as high as 3.2 billion U.S. dollars. According to the current exchange rate, this is a net profit of at least 190 yuan a year.
In fact, the income from the enterprise must also be taken into account. The Washington authorities have many of the world's top ten e-commerce companies, and the amount of privilege fees paid to [Chaoqun Group] is not much smaller.
A conservative estimate would be one to two billion yuan.
As for [Chaoqun Group]’s other two overseas businesses - [Elephant Weather] and [Smart Housekeeper Assistant], because they were launched in a relatively short time, and [Chaoqun Group] does not announce relevant results to the public, in addition, [Elephant]
Weather] Due to the dispute some time ago, [Chaoqun Group] has shut down its overseas business out of anger, so it will not be counted for the time being.
In other words, if the Washington authorities close the entire market to [Chaoqun Group], then [Chaoqun Group] will lose at least more than 20 billion yuan a year.
If we go by what Wu Siyuan, the CEO of [Chaoqun Group], said, the annual profit of [Chaoqun Group] in 2020 will be as high as 300 billion yuan.
If the profits of [Chaoqun Group] in 2021 are calculated in this way,
The loss of more than 20 billion yuan seems like a lot, but it only accounts for one-fifteenth of the profit of 300 billion yuan.
For [Chaoqun Group], it is just a drizzle, far from breaking the bones.
In fact, it is unknown whether this loss will have any impact on [Chaoqun Group].
Because [Chaoqun Group] is still developing and expanding its business.
Compared with 2020, [Chaoqun Group] has more businesses entering the harvest period, and its annual profits may have already exceeded 300 billion yuan. The loss of one to two billion yuan is not as much as its natural growth in profits.
Of course, we don’t know how much the specific growth will be - if [Chaoqun Group] does not announce its financial report to the public.
According to [Chaoqun Group]'s consistent behavior, it rarely discloses information in this regard.
But even if [Chaoqun Group]'s profits do not increase in 2021 - of course, I think it is impossible - I don't think these tens of billions of yuan in losses will have much impact on [Chaoqun Group].
[Chaoqun Group] There is a very important situation that many people ignore.
Even though he is the richest man in the world, Boss Wu has never taken money from [Chaoqun Group] by cashing out stocks or distributing profits as dividends.
In fact, where does [Chaoqun Group] spend most of its money?
Spent on supporting domestic basic scientific and technological research.
Spent on supporting the development of remote and poor areas.
Spent on research and development.
But it was not spent on enjoyment.
[Chaoqun Group]'s profits have decreased, and it can just deduct and deduct its expenses in other areas, and it won't have much impact at all.
But this is currently just a country in Washington that has closed the market to [Chaoqun Group], and it has little impact.
And [Super Group]'s unique technology can prevent it from falling into the long-arm jurisdiction of the Washington authorities.
The Washington authorities cannot be like ZC [Warwick] and ZC [Super Group].
After all, [Chaoqun Group] provides software services overseas, which are different from [Warwick]'s physical products.
But we still have to be careful. The Washington authorities will use their international influence to get other countries to join the ZC and collectively close the market to [Super Group].
If this is really the case, it will be a major blow to the [Super Group].