G7 countries move closer to tax plan for US tech giants
G7 countries that make up lucrative markets for US tech giants have moved closer to a plan to squeeze more tax money from the coffers of Amazon, Apple, Facebook and Google.
Jun 11, 2021
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Business
G7 countries that make up lucrative markets for US tech giants have moved closer to a plan to squeeze more tax money from the coffers of Amazon, Apple, Facebook and Google.
Jun 11, 2021
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3
Business
Amazon has begun mass layoffs in its corporate ranks, becoming the latest tech company to trim its workforce amid rising fears about the wider economic environment.
Nov 16, 2022
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Software
A new social music app is pushing the boundaries of music creation by making recording artists out of novices with little to no musical training or traditional talent.
Mar 31, 2020
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Business
Chinese internet giant Tencent said Thursday its revenue climbed 29 percent in the third quarter of this year, spurred by gaming and advertising as coronavirus lockdowns keep users indoors and online.
Nov 12, 2020
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Business
Wall Street had its eyes Friday on big tech after some of the biggest companies in the world posted lackluster quarterly financial performances.
Feb 3, 2023
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Business
Amazon's pandemic boom isn't showing signs of slowing down.
Apr 29, 2021
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Automotive
New York is inching toward becoming the first U.S. city to charge motorists an extra fee for entering its most congested areas.
Jul 28, 2022
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Business
India's largest software exporter Tata Consultancy Services reported strong quarterly earnings on Monday as demand for digital services brought in orders worth a record $11.3 billion.
Apr 11, 2022
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Business
The former head of search at Alphabet Inc."s Google told colleagues in February 2019 that his team was "getting too involved with ads for the good of the product and company," according to emails shown at the Justice Department's ...
Nov 1, 2023
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1
Business
Disney will sprinkle its pixie dust on the streaming arena Tuesday, as its Disney Plus service debuts with an arsenal of marquee franchises including Marvel and Star Wars, original series with a built-in fan base and a cheap ...
Nov 11, 2019
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5
In business, revenue or revenues is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Some companies also receive revenue from interest, dividends or royalties paid to them by other companies. Revenue may refer to business income in general, or it may refer to the amount, in a monetary unit, received during a period of time, as in "Last year, Company X had revenue of $32 million."
In many countries, including the UK, revenue is referred to as turnover.
Profits or net income generally imply total revenue minus total expenses in a given period. In accounting and financial analysis, revenue is often referred to as the "top line" due to its position on the income statement at the very top. This is to be contrasted with the "bottom line" which denotes net income.
For non-profit organizations, annual revenue may be referred to as gross receipts. This revenue includes donations from individuals and corporations, support from government agencies, income from activities related to the organization's mission, and income from fundraising activities, membership dues, and financial investments such as stock shares in companies. For government, revenue includes gross proceeds from income taxes on companies and individuals, excise duties, customs duties, other taxes, sales of goods and services, dividends and interest.
In general usage, revenue is income received by an organization in the form of cash or cash equivalents. Sales revenue or revenues is income received from selling goods or services over a period of time. Tax revenue is income that a government receives from taxpayers.
In more formal usage, revenue is a calculation or estimation of periodic income based on a particular standard accounting practice or the rules established by a government or government agency. Two common accounting methods, cash basis accounting and accrual basis accounting, do not use the same process for measuring revenue. Corporations that offer shares for sale to the public are usually required by law to report revenue based on generally accepted accounting principles or International Financial Reporting Standards.
In a double-entry bookkeeping system, revenue accounts are general ledger accounts that are summarized periodically under the heading Revenue or Revenues on an income statement. Revenue account names describe the type of revenue, such as "Repair service revenue", "Rent revenue earned" or "Sales".
This text uses material from Wikipedia, licensed under CC BY-SA