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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 w
by 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 agoWasn't tax corporate tax "reform" in effect last year as well?
- deleted 7y ago[deleted]
- kgwgk 7y agoThe low 9% effective rate last year was due to adjustments related to the tax reform. The 18% this year is back to normal.