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Something else that's interesting is the doubling of the effective tax rate from 9% to 18% yoy. Is there any explanation for that?

• kgwgk 7y ago
  Last year it was abnormally low: “Our provision for income taxes and effective tax rate decreased from the three months ended September 30, 2017 to the three months ended September 30, 2018. The decrease is primarily due to the effects of the Tax Act that became effective in 2018 and a decrease in unrecognized tax benefits in 2018 as compared to 2017.”
  • drak0n1c 7y ago
    Interesting that tax reform was credited as the main reason for increased taxes paid by one of the largest conglomerates in the world. The corporate tax rate was lowered from 35% to 21%, but Google's bump from 9% to 18% might be evidence that there are now fewer loopholes. Hopefully there will be media articles analyzing this example.
    • UncleOxidant 7y ago
      Wasn't tax corporate tax "reform" in effect last year as well?
      • deleted 7y ago
        [deleted]
    • kgwgk 7y ago
      The low 9% effective rate last year was due to adjustments related to the tax reform. The 18% this year is back to normal.