Since Donald Trump became US president in the country, much has changed. for example, tax reform was carried out, which is reflected in the activities of all local corporations, involved in sales of its products, real and software, outside the US market. Under the new legislation America, All companies are required to pay taxes on income, produced outside the US.
The new law is valid for a few months, but many of the largest IT-corporations have already suffered huge losses. Today, Google has shared data about their financial success in the fourth quarter 2017 of the year. As it turned out, as compared with the 2016 of the year, the company's revenue increased by as much as 24%, that is, a quarter. If we talk about specific amounts, the revenue growth was $3,02 billion. This is a colossal amount of money.
However, due to the new legislation, Alphabet holding, Google owns, suffered serious losses. In the fourth quarter 2017 the year he had to pay taxes on the amount of 9,9 billion, while its net revenues for the full year (the four quarters) was 12 billion. Blame was the, Now that the American corporation to pay to each product sold outside the US, whether it's subscription to any service or electronic device.
As a result, if everything continues in the same spirit, the Android and all other Google products will end in connection with the tax reform. While Donald Trump is the president of the USA, revoke a new law, related to taxation, no one will. It means, that has at least three years, all IT-corporations will have to endure huge losses, as it turns out, that they have to pay taxes not only in the country, where they sell their products or services, but also in the US market.
