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In short, that the rate over a decade instead of over a year is the official corporate tax rate. For Google it doesn't work out this way, still.
by neximo64 10y ago
In short, that the rate over a decade instead of over a year is the official corporate tax rate. For Google it doesn't work out this way, still.
- hiddencost 10y agoYou really should Google the phrase "reversion to the mean", because you clearly have no idea what is going on but remain confident.
- neximo64 10y agoGoogles mean or even max is far from 35% over their entire history. I fail to see the relevance of your argument. Perhaps you think Google will eventually in the future pay 35% and everything in the past was just an anomaly? Because it's a laughable thought, or if you're absolutely convinced that is the case you're incredibly naive. You're mixing up mean reversion with extrapolation.
- btian 10y agoWhere did you get the 35% number from? You know Google is a global company, right? Corporate income tax rate in Ireland is 12.5%. Have you seen any global company paying 35% income tax?
- neximo64 10y agoDoes that mean that its profits would be volume weighted based on where they're earned? Because they still do not match up, 12.5% would be the lower boundary - of which Google was below on many years. What you've come up with is a rationalisation. There is no way you can spin it, there is clear avoidance & the excuse is a battle on details of the law.