Sony clears PlayStation 5 price date doubt but raises many others in the absence of weight launch titles - The day has finally come. After months of rumors and information to the eye Sony has revealed the price of the two editions of PlayStation 5 and the release date: 499 euros for the console with disc reader and 399 euros for the Digital Edition that will be released next November 19 in Spain.
All this has been shown in an event that has had its surprises as a title set in the Harry Potter universe, Hogwarts Legacy that will arrive in 2021 on PlayStation 5 (and other platforms), Final Fantasy XVI that will be exclusive console and the teaser presentation of God Of War Ragnarok that will arrive in 2021.
However, the feeling that remains after the presentation is strange, since although they have shown many videos, gameplays and games only two titles have set their date with the release. One is Fortnite and the other is Devil May Cry V Special Edition, a PS4 game that receives an upgrade with improvements for PlayStation 5. Not even the Spide-Man: Miles Morales is set for November 19, but in their trailer they explain that it will be released on Christmas this year.
This does not mean that they will not release games on PlayStation 5 from third-party companies like Assassin's Creed Valhalla, FIFA 21, Call Of Duty Cold War or many others, but one of the big tricks of Sony are its exclusives and it seems that none will accompany the launch console.
It is clear that they have had to advance their event — and certainly their release date — after Microsoft moved tab and showed price, date and two editions of their Xbox Series X console, for the most demanding, and Xbox Series s, a new generation access console with a really attractive price.
Sony clears PlayStation 5 price date doubt
It was clear that such a move would take place after the good reception that is having the Xbox Game Pass service at Microsoft and even more so when Sony have realized that, for the moment, the release of their new generation console is a little short.
PlayStation Plus Collection will bring Uncharted 4, God of War, Bloodborne or The Last Guardian as well as many other exclusive and non-exclusive titles from PlayStation 4 to PlayStation 5 for PlayStation Plus members at no cost, or so it seems, as they have not reported anything yet.
As for the Games presented, as novelties stand out Final Fantasy XVI, Hogwarts Legacy and God of War, no doubt the big surprises of the conference.
- Final Fantasy XVI console exclusive (undated)
-Spider-Man: moral Miles: end of 2020
-Hogwarts Legacy 2021
-Call Of Duty: Cold War-release
-Resident Evil VIII 2021
-Deathloop Q2 2021 console exclusive
-Devil May Cry V Special Edition-digital release
-Oddworld Soulstorm (undated)
-Five Nights at Freddy's Security Breach (undated)
-Demon's Souls (undated)
- Fortnite-digital launch
Perhaps before the release of the Sony console will clear more doubts and expand a little the range of games that will accompany the launch console, since at the moment it seems very short.
End of Sony clears PlayStation 5 price date doubt
29.5 million euros vs. 17.600 million: how many taxes are paid by technology companies in Spain compared to Ibex 35
Europe wants to put an end to the practices of Silicon Valley tech multinationals to pay less tax than other companies in EU territory. This was assured Wednesday the president of the European Commission, Ursula von der Leyen, noting that the European Union will unilaterally approve a Google tax in 2021 if an agreement is not reached internationally.
"We will spare No effort to reach an agreement within the framework of the OECD and the G20," said Von der Leyen during his speech at the state of the Union debate in the euro-House. "Let there be no doubt: if the agreement does not achieve a fair tax system that provides sustainable long-term income, Europe will put forward a proposal early next year," added the EC President.
The draft presented in 2018 by the European Commission for the elaboration of the European digital tax project, called the Digital tax Package, established that "digitalised companies face an effective tax rate of only 9.5%, compared to 23.2% of traditional business models". After several attempts in EU countries, Brussels warns that it could create its own Google tax next year.
In this way, the EU keeps the pulse against US technology companies, which it accuses of diverting revenue to its subsidiaries in countries with more benevolent tax systems through systems such as the Dutch sandwich, when corporate tax payments are made through its headquarters in the Netherlands, or the Irish double, when the diversion is aimed at this country.
In the specific case of Ireland, the weight of this practice of tax avoidance means that in 2018, the last year for which figures are available, 47% of the profits declared in Europe by US multinationals and 17% of those worldwide were accounted for in Ireland, an amount equivalent to about 83 billion euros.
The use of these networks has given rise to a number of conflicts between Brussels and technology, such as the EC's ruling to have Apple Pay Back EUR 13 billion in back taxes to Ireland, which was ultimately rejected by the EU General Court, arguing that the commission had not shown that the US company had benefited from illegal tax aid in that country.
However, some companies have been more receptive to attempts to regulate their tax situation. In the case of Google, its Alphabet Matrix announced in early 2020 that it will abandon its tax avoidance techniques, renouncing its intellectual property licensing scheme that allows it to pay less taxes, to comply with the recommendations of international institutions and with the tax reform implemented in the United States in 2017.
Comparing the payments that Spanish companies face through corporate tax with what they pay the big American technology companies is not entirely possible, since they do not offer disaggregated results of their profit before taxes in Spain and their accounts are accessible only through the Commercial Register, in which they present them up to 2 years late.
However, there are data on the corporation tax payment of Silicon Valley companies in 2018, which reveal that the Spanish subsidiaries of the top 10 US technology companies paid a total of 29.5 million euros in taxes, 9.5% less than in 2017, and far from the 17,619 million euros paid by Ibex 35 companies that have a comparable tax regime, according to expansion.
In this way, Microsoft Ibérica was the technology that most taxes paid in 2018, some € 7.5 million, followed by Google Spain, with 6,89 millions, Apple Marketing Iberia and Apple Retail Spain, with 5.44 million and 4.66 million, respectively, and the 4 subsidiaries of Amazon, they faced together the payment of 3.76 million euros.
Meanwhile, large companies with thousands of customers in Spain, such as HBO, Facebook, Tripadvisor, Twitter or Airbnb paid less than 1 million euros in taxes. The most prominent case is that of the 2 Spanish subsidiaries of the streaming platform Netflix, which paid just 3,246 euros in corporate tax, similar to the IRPF paid by a worker who earns 24,000 euros annually.
In total, the 29.5 million euros paid by the top 10 U.S. technology companies in 2018 contrast with their net turnover, which amounts to 1,382.3 million euros,according to five days, which means that only 2.4% of their revenues went to pay corporate taxes.
That 2.4% of the income of technological companies destined for corporate tax is well below the percentage of profit before taxes that the largest Spanish companies spent on tax obligations in the same year. Thus, the average effective corporate tax rate in the Ibex 35 was 27.8%, almost 3 points above the effective rate, which stands at 25%.
This phenomenon is due to the fact that part of the profits of companies with higher tax burdens were generated in countries with higher corporate taxes than in Spain. Thus, Siemens Gamesa paid 58.3%, Repsol 41.6%, Tecnicas Reunidas 36.4%, Banco Santander 35.4% or Mapfre 32.5%.
However, it is not possible to compare the percentages of Ibex 35 companies with those of technology companies, since they refer to different concepts. However, it is possible to compare the gross figures of how much money they have spent on corporation tax, which more clearly reflects the tax gap between Spanish and Silicon Valley companies.
The Spanish selective company that had the most money to pay in 2018 as corporate tax was Banco Santander, with 5,230 million euros, followed by BBVA, with 2,062 million, Telefónica with 1,621 million, and Repsol, with 1,386 million, while Inditex paid 980 million euros, according to expansion.
Beyond these companies, the payment of corporate tax in the Ibex 35 far exceeds that of American technology companies also even among the selective companies that had to face less taxes in 2018. This is the case of tecniques Reunidas, which paid 8 million euros, still surpassing all Spanish subsidiaries of Silicon Valley.