3 ms·
Look at FB's taxes. Effective tax rate went from 46% to 16% if you compare last year to this year. Made FB 1.3B extra money this quarter. I wonder if this is w
by bcatanzaro 6y ago
Look at FB's taxes. Effective tax rate went from 46% to 16% if you compare last year to this year. Made FB 1.3B extra money this quarter.
I wonder if this is why Zuckerberg seems to be so friendly to Trump...
- actuator 6y agoIf that was the reason. Every CEO would be friendly with him.
- michaelyoshika 6y agoLook at Kodak.
- metalliqaz 6y agoAren't they? The CEO at my company sucks up shamelessly.
- ksdale 6y agoThe financial says that they had a $2B penalty (which decreased net income, but I'm assuming wasn't deductible for tax purposes) and a court decision that resulted in tax of about $1B, so their effective tax rate (edit: last year) looked a lot higher than it would have without the penalty and judgment. Their tax rate didn't actually go down from year to year.
- bcatanzaro 6y agoThanks, this is helpful.