Hertha  Walsh

Hertha Walsh

1604279640

Does Google Pay All the Taxes It Should? (Hint: Not Really)

The controversy of tax avoidance has followed Google around for some years and, as they say, there’s no smoke without fire. In this article, we delve into the question ‘does Google pay its taxes’ to unearth the truth behind the digital giant’s taxation history.

How much tax did Google pay in 2019?

In terms of paying tax in the United Kingdom, Google paid just £44 million in corporation tax last year. That may sound like a lot, but remember that their total gross profit in 2019 was $89.96 billion and their reported UK profit was £225 million.

At the time of writing, UK corporation tax is 19% of company profits. So yes, Google has paid the required corporation tax in the UK, but nothing more. Despite their astonishing profits and being a multinational company, Google pays no more corporation tax in the UK than a small business.

Plus, although Google UK reported £1.6bn in revenue last year, it is thought that this doesn’t actually reflect how much it makes in total advertising revenues in the UK, as some are reported in other jurisdictions. In fact, the research company eMarketer estimates that, in reality, Google made about £5.7bn in ad revenue in the UK last year.

As part of a movement to request more taxes from multinational corporations, from April 2020, the UK government has introduced a new Digital Services Tax — this is a 2% tax on the revenues of search engines, social media platforms and online marketplaces which derive value from UK users. This means that Google will have to pay more tax for the 2020–2021 tax year (but only slightly more).

#big-tech #google #tax-avoidance #tax-reform #big-data

What is GEEK

Buddha Community

Does Google Pay All the Taxes It Should? (Hint: Not Really)

Google's TPU's being primed for the Quantum Jump

The liquid-cooled Tensor Processing Units, built to slot into server racks, can deliver up to 100 petaflops of compute.

The liquid-cooled Tensor Processing Units, built to slot into server racks, can deliver up to 100 petaflops of compute.

As the world is gearing towards more automation and AI, the need for quantum computing has also grown exponentially. Quantum computing lies at the intersection of quantum physics and high-end computer technology, and in more than one way, hold the key to our AI-driven future.

Quantum computing requires state-of-the-art tools to perform high-end computing. This is where TPUs come in handy. TPUs or Tensor Processing Units are custom-built ASICs (Application Specific Integrated Circuits) to execute machine learning tasks efficiently. TPUs are specific hardware developed by Google for neural network machine learning, specially customised to Google’s Machine Learning software, Tensorflow.

The liquid-cooled Tensor Processing units, built to slot into server racks, can deliver up to 100 petaflops of compute. It powers Google products like Google Search, Gmail, Google Photos and Google Cloud AI APIs.

#opinions #alphabet #asics #floq #google #google alphabet #google quantum computing #google tensorflow #google tensorflow quantum #google tpu #google tpus #machine learning #quantum computer #quantum computing #quantum computing programming #quantum leap #sandbox #secret development #tensorflow #tpu #tpus

Hertha  Walsh

Hertha Walsh

1604279640

Does Google Pay All the Taxes It Should? (Hint: Not Really)

The controversy of tax avoidance has followed Google around for some years and, as they say, there’s no smoke without fire. In this article, we delve into the question ‘does Google pay its taxes’ to unearth the truth behind the digital giant’s taxation history.

How much tax did Google pay in 2019?

In terms of paying tax in the United Kingdom, Google paid just £44 million in corporation tax last year. That may sound like a lot, but remember that their total gross profit in 2019 was $89.96 billion and their reported UK profit was £225 million.

At the time of writing, UK corporation tax is 19% of company profits. So yes, Google has paid the required corporation tax in the UK, but nothing more. Despite their astonishing profits and being a multinational company, Google pays no more corporation tax in the UK than a small business.

Plus, although Google UK reported £1.6bn in revenue last year, it is thought that this doesn’t actually reflect how much it makes in total advertising revenues in the UK, as some are reported in other jurisdictions. In fact, the research company eMarketer estimates that, in reality, Google made about £5.7bn in ad revenue in the UK last year.

As part of a movement to request more taxes from multinational corporations, from April 2020, the UK government has introduced a new Digital Services Tax — this is a 2% tax on the revenues of search engines, social media platforms and online marketplaces which derive value from UK users. This means that Google will have to pay more tax for the 2020–2021 tax year (but only slightly more).

#big-tech #google #tax-avoidance #tax-reform #big-data

Marcus Anthony

1612355729

Amazon Pay Clone, Amazon Pay Clone Script, Recharge & Wallet App Solution

Mobile wallet applications have become the new trend in today’s world. Apps like Amazon Pay, Paytm, PayPal are some of the leading apps that are owned and used by millions. Be it paying bills, recharging, or money transactions, everything has turned easier because of these apps. There were days when people used to travel for hours to do these tasks have been totally transformed. Moreover, consumers can use these e-wallet apps while paying in a store, either for shopping or while eating out. Thus, as far as mobile wallets are concerned, they are a convenient way for handling all the tasks involving finance.

As an aspiring entrepreneur, if you wish to succeed in your business, without second thoughts, go for Amazon Pay clone app development. Let’s narrow down your thinking processes for a quicker stride forward by analyzing the types of apps first.

Types of e-wallet apps you could develop:

Retail application: An app like Amazon is considered the retail app because it has a mobile wallet in it. It has all the basic functionalities, which helps users to redeem coupons and reward points. All the payment modes are accessible through the app, including net banking.

Dedicated app: The app allows P2P money transactions by storing a variety of cards. You could also make international money transfers using this app. Example: PayPal, Apple Pay, and Amazon Pay.

PoS payments: The PoS payment wallet apps are found at the stores. It is exclusively used by the users to make contactless payments without having to stand in a long queue.

Wrapping up,
Choose the best type of e-wallet app you want to develop and join forces with our Appdupe. Grab the cutting-edge Amazon Pay Clone script and launch an app in a week!

##amazon pay clone ##amazon pay clone script ##amazon pay clone app ##amazon pay clone app development ##amazon pay app clone ##amazon pay app clone development

What Are Google Compute Engine ? - Explained

What Are Google Compute Engine ? - Explained

The Google computer engine exchanges a large number of scalable virtual machines to serve as clusters used for that purpose. GCE can be managed through a RESTful API, command line interface, or web console. The computing engine is serviced for a minimum of 10-minutes per use. There is no up or front fee or time commitment. GCE competes with Amazon’s Elastic Compute Cloud (EC2) and Microsoft Azure.

https://www.mrdeluofficial.com/2020/08/what-are-google-compute-engine-explained.html

#google compute engine #google compute engine tutorial #google app engine #google cloud console #google cloud storage #google compute engine documentation

Embedding your <image> in google colab <markdown>

This article is a quick guide to help you embed images in google colab markdown without mounting your google drive!

Image for post

Just a quick intro to google colab

Google colab is a cloud service that offers FREE python notebook environments to developers and learners, along with FREE GPU and TPU. Users can write and execute Python code in the browser itself without any pre-configuration. It offers two types of cells: text and code. The ‘code’ cells act like code editor, coding and execution in done this block. The ‘text’ cells are used to embed textual description/explanation along with code, it is formatted using a simple markup language called ‘markdown’.

Embedding Images in markdown

If you are a regular colab user, like me, using markdown to add additional details to your code will be your habit too! While working on colab, I tried to embed images along with text in markdown, but it took me almost an hour to figure out the way to do it. So here is an easy guide that will help you.

STEP 1:

The first step is to get the image into your google drive. So upload all the images you want to embed in markdown in your google drive.

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Step 2:

Google Drive gives you the option to share the image via a sharable link. Right-click your image and you will find an option to get a sharable link.

Image for post

On selecting ‘Get shareable link’, Google will create and display sharable link for the particular image.

#google-cloud-platform #google-collaboratory #google-colaboratory #google-cloud #google-colab #cloud