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Google pays plenty in taxes... in the form of payroll taxes and employing thousands of people. Their "effective" tax rate is significantly higher than 2%+ quote
by speby 16y ago
Google pays plenty in taxes... in the form of payroll taxes and employing thousands of people. Their "effective" tax rate is significantly higher than 2%+ quoted here. People forget that corporate income tax is the last resort of taxes after all the other shit-ton of money spent operating the business and paying and hiring employees (who themselves pay plenty in taxes) so to say their tax rate is this low is incredibly mis-leading.
It is not evil to setup legal structures that deal with tax minimization and tax efficiency. It's no different than Google starting Adwords as a perfect market to maximize their profits by using an auction-based system.