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🔗 California 🔗 Companies 🔗 California/San Francisco Bay Area 🔗 Computing 🔗 Open 🔗 Mozilla

The Mozilla Corporation (stylized as moz://a) is a wholly owned subsidiary of the Mozilla Foundation that coordinates and integrates the development of Internet-related applications such as the Firefox web browser, by a global community of open-source developers, some of whom are employed by the corporation itself. The corporation also distributes and promotes these products. Unlike the non-profit Mozilla Foundation, and the Mozilla open source project, founded by the now defunct Netscape Communications Corporation, the Mozilla Corporation is a taxable entity. The Mozilla Corporation reinvests all of its profits back into the Mozilla projects. The Mozilla Corporation's stated aim is to work towards the Mozilla Foundation's public benefit to "promote choice and innovation on the Internet."

A MozillaZine article explained:

The Mozilla Foundation will ultimately control the activities of the Mozilla Corporation and will retain its 100 percent ownership of the new subsidiary. Any profits made by the Mozilla Corporation will be invested back into the Mozilla project. There will be no shareholders, no stock options will be issued and no dividends will be paid. The Mozilla Corporation will not be floating on the stock market and it will be impossible for any company to take over or buy a stake in the subsidiary. The Mozilla Foundation will continue to own the Mozilla trademarks and other intellectual property and will license them to the Mozilla Corporation. The Foundation will also continue to govern the source code repository and control who is allowed to check in.

🔗 Companies

PBworks (formerly PBwiki) is a commercial real-time collaborative editing (RTCE) system created by David Weekly, with Ramit Sethi and Nathan Schmidt, who joined shortly thereafter as co-founders. Based in San Mateo, California, United States, the company operates on a freemium basis, offering basic features free of charge and more advanced features for a fee.

PBworks' investors include Mohr Davidow Ventures and the Seraph Group, as well as angel investors Ron Conway and Chris Yeh.

🔗 Companies 🔗 Finance & Investment 🔗 Switzerland

Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global "bulge bracket" banks providing services in investment banking, private banking, asset management, and shared services. It is known for strict bank–client confidentiality and banking secrecy. The Financial Stability Board considers it to be a global systemically important bank. Credit Suisse is also a primary dealer and Forex counterparty of the Federal Reserve in the United States.

Credit Suisse was founded in 1856 to fund the development of Switzerland's rail system. It issued loans that helped create Switzerland's electrical grid and the European rail system. In the 1900s, it began shifting to retail banking in response to the elevation of the middle class and competition from fellow Swiss banks UBS and Julius Bär. Credit Suisse partnered with First Boston in 1978 before buying a controlling share of the bank in 1988. From 1990 to 2000, the company purchased institutions such as Winterthur Group, Swiss Volksbank, Swiss American Securities Inc. (SASI), and Bank Leu. The biggest institutional shareholders of Credit Suisse include the Saudi National Bank (9.88%), the Qatar Investment Authority and BlackRock (about 5% each), Dodge & Cox, Norges Bank and the Saudi Olayan Group.

The company was one of the least affected banks during the global financial crisis, but afterwards began shrinking its investment business, executing layoffs and cutting costs. The bank was at the center of multiple international investigations for tax avoidance which culminated in a guilty plea and the forfeiture of US$2.6 billion in fines from 2008 to 2012. In 2021, Credit Suisse had assets under management (AuM) of over CHF 1.6 trillion.

UBS announced its intent to acquire Credit Suisse for $2 billion on March 19, 2023.

🔗 United States 🔗 Companies 🔗 Law 🔗 United States/Delaware

The Corporation Trust Center, 1209 North Orange Street, is a single-story building located in the Brandywine neighborhood of Wilmington, Delaware, USA, operated by CT Corporation, a subsidiary of Dutch multinational services firm Wolters Kluwer. This is CT Corporation's location in the state of Delaware for providing "registered agent services." In 2012 it was the registered agent address of at least 285,000 separate businesses.

Many companies are incorporated in Delaware for its business-friendly General Corporation Law and it was estimated in 2012 that 9.5 billion dollars of potential taxes had not been levied over the past decade, due to an arrangement known as the "Delaware loophole." Companies formed in Delaware are required to have an address in the state at which process may be served. Therefore, Delaware entities with no physical office in the state must have a registered agent with a Delaware address. Notable companies represented by CT at this location include Google, American Airlines, Apple Inc., General Motors, The Coca-Cola Company, Walmart, Yum! Brands, Verizon, and about 430 of Deutsche Bank's more than 2,000 subsidiary companies and special purpose companies. Both Former President of the United States Donald Trump, and his opponent in the 2016 United States presidential election, Hillary Clinton, have registered companies at the center.

🔗 Companies

This page is an index for lists of some assets owned by large corporations.

🔗 Companies 🔗 Lists 🔗 Disney

The following is a list of assets owned and operated by The Walt Disney Company, unless otherwise indicated.

🔗 United States 🔗 Companies 🔗 Taxation

Companies of the United States with untaxed profits deals with those U.S. companies whose offshore subsidiaries earn profits which are retained in foreign countries to defer paying U.S. corporate tax. The profits of United States corporations are subject to a federal corporate tax rate of 21%. In principle, the tax is payable on all profits of corporations, whether earned domestically or abroad. However, overseas subsidiaries of U.S. corporations are entitled to a tax deferral of profits on active income until repatriated to the U.S., and are regarded as untaxed. When repatriated, the corporations are entitled to a foreign tax credit for taxes (if any) paid in foreign countries.

Retaining such profits offshore may be regarded as a tax strategy. Many corporations have accumulated substantial untaxed profits offshore, especially in countries with low corporate tax rates. In recent years it has been estimated that untaxed profits range from US$1.6 to $2.1 trillion. The Wall Street Journal noted that the "[u]ntaxed foreign earnings are part of a contentious debate over U.S. fiscal policy and tax code." The profits earned abroad and retained there are subject to a foreign exchange risk, besides other financial risks.

The downside of a strategy of retaining profits offshore is that corporations may want or need to pay dividends to shareholders, or to make investments in the United States, besides other reasons. The alternative may be to borrow funds in the U.S., or access the funds retained offshore in the form of inter-company loans.

The Tax Cuts and Jobs Act of 2017 (TCJA) imposed a one time tax on these offshore profits at 8% (non-cash) and 15.5% (cash) respectively. The Act also includes a provision that taxes all foreign profits in the US in the year they are earned ending the ability of US companies to defer paying US tax on unrepatriated earnings.

🔗 Biography 🔗 Companies 🔗 Crime 🔗 Health and fitness

The Sackler family is an American family who founded and own the pharmaceutical companies Purdue Pharma and Mundipharma. Purdue Pharma, and some members of the family, have faced lawsuits regarding overprescription of addictive pharmaceutical drugs, including OxyContin. Purdue Pharma has been criticized for its role in the opioid epidemic in the United States. They have been described as the "most evil family in America", "drug dealers" and "the worst drug dealers in history".

The Sackler family has been profiled in various media, including the documentary Crime of the Century on HBO, the book Empire of Pain by Patrick Radden Keefe, and the 2021 Hulu mini-series Dopesick.

🔗 Companies 🔗 Korea 🔗 Food and drink 🔗 Korea/North Korea

Pyongyang (Chosongul: 평양관) is a restaurant chain named after the capital of North Korea, with around 130 locations worldwide. The restaurants are owned and operated by the Haedanghwa Group, an organization of the government of North Korea.

🔗 Companies 🔗 Private Equity 🔗 Business 🔗 Songs 🔗 Websites 🔗 Websites/Computing

Amie Street was an indie online music store and social network service created in 2006 by Brown University seniors Elliott Breece, Elias Roman, and Joshua Boltuch, in Providence, Rhode Island. The site was notable for its demand-based pricing. The company was later moved to Long Island City in Queens, New York. In late 2010, the site was sold to Amazon who redirected customers to their own website.