3 ms·
Tax is on profit, not revenue. Granted, still $5B. Also, the tax figures have seasonality. Q4 is highest, Q1 is lowest. This quarter's effective rate was up by
by throwaway5752 9y ago
Tax is on profit, not revenue. Granted, still $5B.
Also, the tax figures have seasonality. Q4 is highest, Q1 is lowest. This quarter's effective rate was up by 100 basis pts yoy.