Chapter 974 Digital Tax


Chapter 974 Digital Tax

In fact, in the field of regional passenger aircraft, Airbus has always been a shortcoming. This is why Airbus wanted to "take over" Bombardier's C series passenger aircraft project in the original time and space. The reason for changing its name to A220 is to supplement its best-selling A320 series.

Therefore, in Airbus’s “home” European market, Standard Bombardier Aviation’s regional jet business can still be competitive.

In addition, in addition to converting the A380 large passenger aircraft ordered from Airbus into his new "Sky Palace", Barron will also gradually use the fleet for short-distance voyages and convenient landings in the future. Among them, the Gulfstream G series private jets were changed to business jets produced by Bombardier.

The "President Business Jets" of his company will also be gradually replaced by Bombardier's Challenger series.

As for Barron, he is interested in the Global 8000 business jet, which was recently announced by Bombardier. However, this aircraft has not yet completed testing and will need to wait another two years before it can be obtained.

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

Well, not only that, it also has to face a more powerful player in the business jet field. Competitor - Standard Bombardier.

……

On December 10, after several months of negotiations, Sky Group finally reached an agreement with DailyVedio. They merged their streaming media platform into DailyVedio and obtained acquired a 15% stake in DailyVedio.

At the same time, SEM Group also announced a strategic cooperation agreement with DailyVedio. They will invest 600 million pounds, plus their related media resources, for a price of 1 billion pounds to acquire 10% of DailyVedio's shares.

In this way, DailyVedio is currently a streaming media platform with audiences in the UK, Europe, Australia, North America and parts of Asia. After years of development, it has more than 1 billion users and monthly active users exceed 500 million. Its valuation has reached 10 billion pounds.

At the earliest, DailyVedio was jointly established by O2 Telecom and DigitalUK, but later Digital Future, a subsidiary of Caesars Fund, increased their shareholding in DailyVedio to 70% through capital injection and acquisition of shares held by DigitalUK. O2 Telecom owns 30% of the shares.

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

Now after this agreement is reached, the shareholding ratio of DailyVedio is that 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 100 million pounds, and its holdings are currently worth 4.5 billion pounds. The investment in DailyVedio is a very successful investment.

At present, DailyVedio is more than just a website. They mainly focus on two applications - DailyVedio and DailyTV. DailyVedio is mainly self-media similar to YouTube and video sharing content of individual users, including some such as Paid programs officially released by ITV, BBC, BSkyB and other media.

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

DailyVedio CEO Carrie Simmons later revealed to the media that they expect to launch an IPO next year and are expected to list on Nasdaq and the London Stock Exchange for listing financing. At the same time, Carrie Simmons also revealed that DailyVedio will also 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, a subsidiary of SEM Group, to film the TV series. British version.

After all, DailyVedio’s main source of revenue is still advertising revenue, which accounts for 60% of their company’s total revenue, while content payment revenue only accounts for about 35%...

Among them, DailyVedio’s user subscriptions so far The highest content is still the classic British drama "Downton Abbey".

It can be said that driven by Woaw and the digital future, the development of London Science and Technology City is much smoother than in the original time and space, and the results are also more fruitful.

Not only are the European headquarters of Silicon Valley giants such as Microsoft, Google, and Yahoo located in the Technology City, but in addition to DailyVedio and Argos.com, many other companies have been incubated in the London Technology City. Internet projects, including some small e-commerce and group buying websites, although facing competition from Argos and Amazon, can also achieve good development in some subdivided vertical fields.

If Silicon Valley is the center of the global Internet, then London Technology City has also become the center of the European Internet. Because London Technology City has explored a relatively complete incubation mechanism for start-ups, it has attracted relevant people from all over Europe. Talents come to start businesses, no Not only Digital Future Investment Company, but also the British government's special support fund, as well as some increasingly active European Internet venture capital institutions, are all concentrated in the Science and Technology City, making this once slightly decadent East End of London completely changed. The appearance has become full of technology.

...

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

Just before Christmas, the British government declared so.

After the UK took the lead in proposing the idea of ​​levying a digital tax, EU countries seemed to suddenly realize that France, Germany and other countries also began to announce that they would study the issue of levying digital taxes on Internet companies, and these European countries Prepare to reach agreement on the collection of digital taxes.

The British Treasury said:

“Applying current corporate tax rules to digital economy businesses creates an inconsistency between where profits are taxed and where value is created.”

They argue that setting the digital tax rate at 2% , can bring an additional 515 million pounds in annual fiscal revenue to the British government.

“We have invested heavily in network construction in the UK, but those who occupy the most of these resources are the global network giants. They need to pay for this, but in order to promote the development of Internet start-ups, I think certain thresholds should be set for companies that levy digital taxes. The giants with the most profits should pay these fees. This is very reasonable. After all, the 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..."

In response to the issue of collecting digital taxes, British Business, Innovation and Skills Minister Joe Harriman publicly stated that digital tax collection should be targeted at overseas Internet giants.

In fact, the reason why the digital tax (data facility service fee) is required is not only that the British government is really short of money, but also that they occupy global Internet giants such as Google, Yahoo, and Amazon. It is already intolerable that most of the resources of network facilities built by the British government have spent huge sums of money, but very little tax is paid to the British government.

(End of this chapter)

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