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Quicksilver Industries: Difference between revisions
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*Cacurio Manatus (Vice Executive of QS Innovations) | *Cacurio Manatus (Vice Executive of QS Innovations) | ||
===Financial=== | ===Financial=== | ||
Quicksilver Industries is the world's largest company by market capitalization, annual revenue, total assets, and workforce. For the fiscal year of | Quicksilver Industries is the world's largest company by market capitalization, annual revenue, total assets, and workforce. For the fiscal year of 2031, Quicksilver had revenues of $3.3 trillion, $8.3 trillion in assets, 5 million global employees, and $475 billion in cash reserves. | ||
Almost all of QSI's subsidiaries rank among the top five-largest companies by revenue and other financial metrics in their respective industries: Shockwave Industrial is the world's largest defense contractor with over $60 billion in revenue and 80% coming from military contracts; the O'Shea Corporation is the largest shipbuilding and logistics company in the world, with $83 billion in revenue and operating over 1,500 ships. | Almost all of QSI's subsidiaries rank among the top five-largest companies by revenue and other financial metrics in their respective industries: Shockwave Industrial is the world's largest defense contractor with over $60 billion in revenue and 80% coming from military contracts; the O'Shea Corporation is the largest shipbuilding and logistics company in the world, with $83 billion in revenue and operating over 1,500 ships. | ||
{| class="wikitable | {| class="wikitable" | ||
|- | |- | ||
!Year!!Revenue ($tn)!! Net Income ($tn)!!Total Assets ($tn) | |||
|- | |- | ||
| | |2031||3.3||1.35||8.3 | ||
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| | |||
| | |||
|- | |- | ||
| | |2030||3.1||1.27||8.0 | ||
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|- | |- | ||
| | |2029||2.9||1.19||7.6 | ||
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|- | |- | ||
| | | 2028||2.7||1.11||7.2 | ||
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|- | |- | ||
| | | 2027||2.5 | ||
| | |1.03||6.8 | ||
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|- | |- | ||
|2026 | |2026||2.3||0.95||6.4 | ||
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|- | |- | ||
| | |2025 | ||
| | |2.1||0.87||6.0 | ||
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|- | |- | ||
| | |2024||1.9||0.79||5.6 | ||
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|- | |- | ||
| | |2023||1.7||0.71 | ||
| | |5.2 | ||
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| | |||
|- | |- | ||
| | |2022||1.5||0.63||4.8 | ||
| | |||
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|} | |} | ||
===Corporate culture=== | |||
===Corporate culture === | |||
The culture of Quicksilver Industries is interesting in that despite having many subsidiaries across different industries, it allows a freedom of individuality and excellence that reliably attracts talented workers to its companies. That being said, because QSI has been in the ownership of the Venio family since its formation, the Venio family exercises an uniquely overwhelming amount of power in shaping the corporate culture, which generally speaking is more akin to a startup rather than a multinational corporation. | The culture of Quicksilver Industries is interesting in that despite having many subsidiaries across different industries, it allows a freedom of individuality and excellence that reliably attracts talented workers to its companies. That being said, because QSI has been in the ownership of the Venio family since its formation, the Venio family exercises an uniquely overwhelming amount of power in shaping the corporate culture, which generally speaking is more akin to a startup rather than a multinational corporation. | ||
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In the period following these exposures, QSI has continued to receive criticism for its labor rights record. | In the period following these exposures, QSI has continued to receive criticism for its labor rights record. | ||
==== Tax practices==== | ====Tax practices==== | ||
Quicksilver Industries is known for employing a variety of accounting technique and methods to reduce its taxes by routing profits through subsidiaries over the world. Such strategies help QSI keep its international taxes to single digits over the last decade, according to the company's corporate filings. QSI holds hundreds of billions of dollars in profits in international subsidiaries to pay little or no taxes to any government by using an unusual global tax structure. As the relationship between Quicksilver Industries and the government of Caphiria has grown over the years, QSI has been able to take advantage of using its influence to affect tax and economic laws and policy to benefit the most. | Quicksilver Industries is known for employing a variety of accounting technique and methods to reduce its taxes by routing profits through subsidiaries over the world. Such strategies help QSI keep its international taxes to single digits over the last decade, according to the company's corporate filings. QSI holds hundreds of billions of dollars in profits in international subsidiaries to pay little or no taxes to any government by using an unusual global tax structure. As the relationship between Quicksilver Industries and the government of Caphiria has grown over the years, QSI has been able to take advantage of using its influence to affect tax and economic laws and policy to benefit the most. | ||
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Almost all of QSI's foreign operations are routed through five offshore companies with no employees, as income attributable to a foreign business enterprise and capital gains/dividends derived from qualifying subsidiaries are not taxed. | Almost all of QSI's foreign operations are routed through five offshore companies with no employees, as income attributable to a foreign business enterprise and capital gains/dividends derived from qualifying subsidiaries are not taxed. | ||
==See also == | ==See also== | ||
[[Category:Caphiria]] | [[Category:Caphiria]] | ||
[[Category:Companies in Caphiria]] | [[Category:Companies in Caphiria]] | ||
[[Category:Quicksilver Industries]] | [[Category:Quicksilver Industries]] | ||
[[Category:Companies]] | [[Category:Companies]] | ||