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It's a tax dodge, is what it is. Mojang is based in Sweden, so Microsoft could buy it with the big hoard of foreign cash they're avoiding repatriating to avoid
by cwyers 10y ago
It's a tax dodge, is what it is. Mojang is based in Sweden, so Microsoft could buy it with the big hoard of foreign cash they're avoiding repatriating to avoid paying tax on it a second time. Then, all the domestic sales of Minecraft are money that's on American shores already.
- jonknee 10y agoAnd they'll pay tax on the profit of those US sales... It's not a dodge.
- whamlastxmas 10y agoThe alternative is using that same money in the US to generate sales, meaning there is sales tax eventually on it anyway. It is still saving hundreds of millions in tax by not repatriating it.