What promises has Google ever kept?
Google to Invest $10B in India
161–170 of 349 posts
Re: Google to Invest $10B in India
#162Earlier quoted context omitted.
Not sure why you are being downvoted. China is clearly the one investing in foreign countries now, for instance see belt & road initiative. It is also clearly conpeting with US, with Trump administration exacerbating the conflict. Even if you don't like China, you should not pretend they are a in a weaker position than they are.
you should check one-belt-one-road again. it haven't bring any fruits that China is hoping for. China is aging. while India have plenty of young cheap labors. its only natural for companies want India's labors and market.
The point is that they arent sitting around waiting for foreign investment, they are now the ones making foreign investment. The paradigm has shifled.
Its certainly debatable whether belt and road is successfull, but I have recently recieved package from China to UK by Rail so at least some good came of it.
Also the countries China is investing in were neglected by West and wall street for decades.
Re: Google to Invest $10B in India
#163Earlier quoted context omitted.
Most Indians care only about the cheapest workable plan, product, service, while making a purchase. It's not about Jio, it's about the 500 rupees free call, free SMS, free 4G plans. As long as Jio offers it they'll use it. They'll drop it as soon as something cheaper comes around. Mukesh Amabani, is mostly raising money because he had simply too much debt, and he is also getting old. It could also be a part of larger…
If the children don't even want to bother contributing to the enterprise, why not give ownership to the larger public, via a stock sale + charitable donation (like Gates and Buffet do), ?
Because in India keeping the wealth within the family is above all other concerns.
Re: Google to Invest $10B in India
#164Earlier quoted context omitted.
Much more easier to control than China. Ambani doesn't have an "Ambani liberation army" backing him up. Think of it this way, why did China spin off Ant Financial out of Alibaba? Had it been in hands of foreign investors, it would be a huge issue later on if it became big. And if it became big, it would be much harder to spin it off that way. You can't spin off 100 billions and not expect strong retaliation from the…
OK, thanks for explaining your point. I still think you're conflating Tencent with China as much as you're overestimating how well-functioning the Indian government is. In my view it is grossly incompetent beyond spreading propaganda, horse-trading MPs and MLAs to swing elections, and indeed disappearing people and killing them extra-judiciously in fake encounters. Ambani capturing everything would result in the comp…
Tencent (and all Chinese companies) are controlled by the Communist Party. The business has autonomy only on questions that the Party has no preference about. It's about the same as a profesional employee working for a business.
Re: Google to Invest $10B in India
#165Is there even a way for Google to invest in a high-corruption country like India without paying bribes (which would break US anti-bribery laws)? I'm pretty sure such an investment would be impossible in e.g. Russia, where many a hand needs to be greased before anything can happen.
There are ways to pay bribe, without even sounding like it. Like renting building owned by politicians, giving out cafeteria contract to catering services owned by politicians etc etc.
That's how it goes.
Re: Google to Invest $10B in India
#166Earlier quoted context omitted.
India is a giant market, an investment of $10 billion is a rounding error.
No, it's not. All Indian startups combined raised a total of $14B last year (2019).
Most of the world economy does not revolve around startups.
"In 2018–19, the foreign direct investment (FDI) in India was $64.4 billion". Consider that there is also domestic investment, and that Google's investment is spread over many years.
Re: Google to Invest $10B in India
#167Earlier quoted context omitted.
Please read your history, protectionism enabled the US to rise out of the dirt and become an industrialised nation at the time when British Empire dominated world stage. This is not even a subjective matter.
Tariff rates were used for government revenue at that time, that's why they had to be high. It had nothing to do with endorsing protectionism per se, and the U.S. got an income tax later on to fix this issue.
Are you arguing protectuonism was unintentional, or that it was ineffective?
Re: Google to Invest $10B in India
#168Earlier quoted context omitted.
Tax minimization is a form of tax avoidance rather than tax evasion (Not saying it’s good, rather just that google weren’t breaking any laws).
There's no such a tax avoidance rule that is allowed and tax evasion is not. Also avoid and evade are similar term. Avoid > keep away from or stop oneself from doing Evade > escape or avoid (someone or something), especially by guile or trickery. This is the reason why many US tech companies got fined in Europe (Apple and Google are one of them) P.S. can someone explain why I get down votes for something factual? Thi…
You're relying on the dictionary definitions for "avoidance" and "evasion" to make your argument, but "tax avoidance" and "tax evasion" are industry-accepted terms with clearly differentiated meanings to describe different behavior. Tax avoidance tells a truth that takes advantage of legal loopholes, and is therefore legal not to pay a higher amount of taxes. Tax evasion attempts to commit fraud on legal paperwork in order to not pay taxes which are legally required to be paid. They are not the same thing.
Re: Google to Invest $10B in India
#169Earlier quoted context omitted.
China is an heavily export oriented economy losing access to the markets of the advanced economies day-by-day. Their play is to pivot into a consumer market before their foreign reserves eventually dries up, but that's hindered by the large population.
It's largely a co-dependent relationship at this point, the advanced economies are as dependent on Chinese goods as China is on foreign currency, meanwhile China is actively developing future foreign currency revenue streams through long-term investment in developing economies.
>It's largely a co-dependent relationship at this point, the advanced economies are as dependent on Chinese goods as China is on foreign currency
The advanced economies are dependant on cheap goods, and not specifically Chinese goods. This will become more and more clear as decoupling gains pace. Corporate Japan has largely decoupled from China, with SK following close behind. US, Taiwan and European outfits are next.
China, however, is truly dependent on exports to advanced economies to sustain its economic and political model at its current stage of development. Its population is just too large.
Re: Google to Invest $10B in India
#170Earlier quoted context omitted.
There's no such a tax avoidance rule that is allowed and tax evasion is not. Also avoid and evade are similar term. Avoid > keep away from or stop oneself from doing Evade > escape or avoid (someone or something), especially by guile or trickery. This is the reason why many US tech companies got fined in Europe (Apple and Google are one of them) P.S. can someone explain why I get down votes for something factual? Thi…
> Also avoid and evade are similar term. > P.S. can someone explain why I get down votes for something factual? This forum is ridiculous at times "Tax avoidance" and "tax evasion" are technical terms in accounting with very specific definitions and entailments, and the difference isn't just in the English words. Most accounting textbooks and courses cover this. https://en.wikipedia.org/wiki/Tax_avoidance https://en.w…
So if you focus on my first sentence maybe you can understand what do I mean.
> There's no such a tax avoidance rule that is allowed and tax evasion is not.
As I've said in many European countries both avoidance and evasion are illegal and my reply was about that since the OP implied that avoidance is a good thing while evasion is not. I let you read the other replies in this thread for the link that prove the charges to Google in Europe as I'm tired to post it.
P.S. Europe is not one country as is US and we don't have a federal state. Again, as I've stated many times, many European countries had this rules way before they were standardized at European level as testified by the fines that Google, Apple, Microsoft, Facebook had got in some European countries for tax avoidance.
Hope this clarifies and thanks for your link I gonna study that.