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http://caps.fool.com/Ticker/GOOG/Statements.aspx?source=icasittab0000009 http://caps.fool.com/Ticker/GOOG/Statements.aspx?source=icas... shows that Google paid
by gibybo 16y ago
http://caps.fool.com/Ticker/GOOG/Statements.aspx?source=icasittab0000009 http://caps.fool.com/Ticker/GOOG/Statements.aspx?source=icas... shows that Google paid $2.3B on $10.8B pretax income, or 21%. That's far from 2.4%, but it's also far from 35% so I'm a bit lost.
- coolgeek 16y agowoof... upon closer reading, the headline was misleading. the 2.4% rate is for overseas earnings. "Google’s overall effective tax rate [was] 22.2 percent last year". it's not hard, however, to find evidence confirming the upstream point that large companies frequently pay a fraction of the 35% rate http://www.forbes.com/2010/04/01/ge-exxon-walmart-business-washington-corporate-taxes.html http://www.forbes.com/2010/04/01/ge-exxon-walmart-business-w...