3 ms·
another clickbait article from this organization. "${TechCo} paid X% in taxes but it should have paid Y% * Current Year Net Income". What specifically is ITEP
by jakelarkin 8y ago
another clickbait article from this organization. "${TechCo} paid X% in taxes but it should have paid Y% * Current Year Net Income".
What specifically is ITEP arguing for? GAAP profitability is not Taxable income is not Net Cash flow. The IRS has different multi-year schedules for various asset amortizations/depreciation than GAAP so of course the tax rates can be significantly different if the company is investing in growth.