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In case you haven’t noticed by now, the global economy isn’t exactly doing too well. Countries are struggling to pay off their debts, which means they’re being really anal about making sure everyone is paying their taxes. Large companies, by the very nature of the fact that they’re massive, make a ton of money. Do they store that money where the bulk of their employees live? Nope. They often use what’s referred to as “tax shelters”.

htcceo

If you think that HTC has hit rock bottom with their disastrous Q3 financial results, the phone maker has more bad news to share. In a recent statement, the company said that its Q4 revenue is set to drop 14% compared to the previous quarter, signaling that it has yet to succeed in weathering the Samsung storm.