Microsoft's cumulative revenue exceeded $ 1 trillion

Profit prefer to divert offshore

The machine for the production of money Microsoft in the past quarter has overcome the symbolic mark of 1 trillion dollars of income received in the history of the company.

It could be assumed that the company would loudly celebrate such a significant event in its history, but no. Microsoft is already criticized for hiding $ 108.3 billion in offshore - 41% of cumulative profits, as well as for using a variety of tax evasion schemes , so you shouldn’t annoy the public once again.

Offshore profits hide not only Microsoft, but many other US corporations. For example, Boeing saved $ 304.8 million in tax deductions from such a gimmick last year, but Microsoft does it on a special scale. For the current year, “tax optimization” will save the Redmond giant about $ 776 million !

Microsoft has been hiding profits in Nevada since 1997, taking advantage of gaps in US law: individual states can set their own corporate tax rate, even 0%, to attract employers. At the same time, lobbyists at Microsoft and other corporations are effectively blocking attempts to adopt bills to raise corporate tax.

Yielding to Apple in terms of cumulative income, Microsoft still surpasses Apple in cumulative profits: Microsoft is $ 265.2 billion against Microsoft, compared with $ 261.6 billion. For comparison, in its history, Google earned only $ 96.3 billion in net profit, Amazon - only $ 3.31 billion in revenue with revenue of $ 545 billion.



Last but not least thanks to Microsoft in Washington, there are now 161,220 millionaires - 5.82% of the entire population of the state . Well, Bill Gates himself, with a fortune of $ 79.2 billion, remains the richest person on the planet.