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> Fines like this are a nice little tax write off, just another business expense. The fines seem to be leveled at Meta's local company in Norway. As I understa
by runarb 3y ago
> Fines like this are a nice little tax write off, just another business expense.
The fines seem to be leveled at Meta's local company in Norway. As I understand it, fines are not deductible in Norway.
(I am not an accountant, and my company has never gotten a find, but looking up this in the accounting system I use, it seems it is not deductible: https://kontohjelp.fiken.no/as/medMoms/7799?sok=7799 https://kontohjelp.fiken.no/as/medMoms/7799?sok=7799 ( in Norwegian)).
- xwdv 3y agoThere’s gotta be some financial engineering that ultimately results in deduction somehow.
- dghughes 3y ago> fines are not deductible in Norway. If a company tried I think it should be viewed as contempt of court. A company trying to get money back for which it was fined would basically be them thumbing their nose at the fine. Maybe that is why fines are not deductible.
- xwdv 3y agoSee that’s the thing about being a global company: You can pay off the fines in one country as part of an expense for a branch in another, where it can then be deducted from taxes in that foreign country. So yea, fuck you courts.