3 ms·

> a complete blackbox that pays no taxes Maybe you can look at a 10-K statement or an annual report before making obviously false statements like that. This

> a complete blackbox that pays no taxes Maybe you can look at a 10-K statement or an annual report before making obviously false statements like that. This is the point where you back off and say, "oh, but they still don't pay enough."

janmo 3y ago
"Information Asymmetries. Because Google’s ad tech products face little or no meaningful competition, Google has been able to operate its products within a black box, affording publishers and advertisers limited visibility into how, why, and even at what price, website advertising inventory is sold. One industry report suggests that approximately 15% of all digital advertising spend is simply unaccounted for, with publishers and advertisers unable to determine which intermediary may have siphoned this spend off for its own gain. Reduced transparency diminishes the ability of publishers and advertisers to make informed choices in selecting their ad tech products and hampers their ability (and rivals’ as well) to serve as a competitive constraint." You can read the full lawsuit here: https://www.justice.gov/d9/case-documents/attachments/2023/01/24/410873.pdf https://www.justice.gov/d9/case-documents/attachments/2023/0...
- AlbertCory 3y ago
  He said "no taxes." So that was wrong, wasn't it?
- mathteddybear 3y ago
  Too bad the DOJ attorney does not "grill" over that. Instead, quote the Reuters article > Dahlquist asked Juda if they had introduced changes to ad sales in a way that raised the cost-per-click by a consumer that advertisers pay. "I believe that's fair," said Juda. > But Wendy Waszmer, a lawyer for Google, asked Juda on Wednesday afternoon on if there were ways that his ads quality team could raise prices unilaterally. "No," Juda responded.
handwarmers 3y ago
Man stay out of topics you don't understand, or at least don't make ignorant snarky comments. "no taxes" here was obviously used in the sense of "not enough taxes". Also, reading a 10-K cannot answer whether a company has paid "enough" taxes. The question of how much is enough is difficult, given how complicated international tax law is, and how legal != ethical/good for society. E.g. https://www.irishtimes.com/business/technology/google-used-double-irish-to-shift-75-4bn-in-profits-out-of-ireland-1.4540519#:~:text=Google%20shifted%20more%20than%20%2475.4,which%20it%20used%20the%20loophole https://www.irishtimes.com/business/technology/google-used-d....
- deleted 3y ago
  [deleted]
- AlbertCory 3y ago
  "obviously" : I guess that has a secret meaning not available to normal humans. Say what you actually mean, not some wild misstatement. Edit: this is no different from clickbait. I could say "80% of women get raped in college" and get attention; then when it's called out say, "but it's still a big problem!" Clickbait.
  - KMag 3y ago
    I'm with you. Half the time that I dismiss someone's statement as just hyperbole or a figure of speech, I later find out they were serious and seriously misinformed. I'd say it's probably 50/50 odds someone saying "Google doesn't pay taxes" literally believes that the sum of Google's corporate income, employment, real estate, etc. tax payments around the world last year was less than their personal income, social security, and property tax payments. It's also astounding how many people think a tax write-off of $1 million reduces corporate taxes by $1 million rather than reducing the taxable profits by $1 million. Granted, there are some really astounding tax loopholes out there, but a scary percentage of people think mega-corporations literally pay less than they do in total taxes. It reminds me of the time I was joking around with a girl I was dating at the time about stress headache "brain muscle cramps". 5 minutes into joking around, I realized she thought "Your brain is a muscle, you need to exercise it" was literal, and concentrating hard would sometimes cause the "brain muscle" to cramp up. She was a grad student in Environmental Engineering at MIT at the time. That triggered a brief argument over whether the brain was primarily muscle tissue or primarily nerve tissue. There are also a ton of people who think they aren't among those who don't pay any federal income tax because they see the Social Security tax line on their W-2 forms.

janmo 3y ago

"Information Asymmetries. Because Google’s ad tech products face little or no meaningful competition, Google has been able to operate its products within a black box, affording publishers and advertisers limited visibility into how, why, and even at what price, website advertising inventory is sold. One industry report suggests that approximately 15% of all digital advertising spend is simply unaccounted for, with publishers and advertisers unable to determine which intermediary may have siphoned this spend off for its own gain. Reduced transparency diminishes the ability of publishers and advertisers to make informed choices in selecting their ad tech products and hampers their ability (and rivals’ as well) to serve as a competitive constraint." You can read the full lawsuit here: https://www.justice.gov/d9/case-documents/attachments/2023/01/24/410873.pdf https://www.justice.gov/d9/case-documents/attachments/2023/0...

AlbertCory 3y ago
He said "no taxes." So that was wrong, wasn't it?
mathteddybear 3y ago
Too bad the DOJ attorney does not "grill" over that. Instead, quote the Reuters article > Dahlquist asked Juda if they had introduced changes to ad sales in a way that raised the cost-per-click by a consumer that advertisers pay. "I believe that's fair," said Juda. > But Wendy Waszmer, a lawyer for Google, asked Juda on Wednesday afternoon on if there were ways that his ads quality team could raise prices unilaterally. "No," Juda responded.

handwarmers 3y ago

Man stay out of topics you don't understand, or at least don't make ignorant snarky comments. "no taxes" here was obviously used in the sense of "not enough taxes". Also, reading a 10-K cannot answer whether a company has paid "enough" taxes. The question of how much is enough is difficult, given how complicated international tax law is, and how legal != ethical/good for society. E.g. https://www.irishtimes.com/business/technology/google-used-double-irish-to-shift-75-4bn-in-profits-out-of-ireland-1.4540519#:~:text=Google%20shifted%20more%20than%20%2475.4,which%20it%20used%20the%20loophole https://www.irishtimes.com/business/technology/google-used-d....

deleted 3y ago
[deleted]
AlbertCory 3y ago
"obviously" : I guess that has a secret meaning not available to normal humans. Say what you actually mean, not some wild misstatement. Edit: this is no different from clickbait. I could say "80% of women get raped in college" and get attention; then when it's called out say, "but it's still a big problem!" Clickbait.
- KMag 3y ago
  I'm with you. Half the time that I dismiss someone's statement as just hyperbole or a figure of speech, I later find out they were serious and seriously misinformed. I'd say it's probably 50/50 odds someone saying "Google doesn't pay taxes" literally believes that the sum of Google's corporate income, employment, real estate, etc. tax payments around the world last year was less than their personal income, social security, and property tax payments. It's also astounding how many people think a tax write-off of $1 million reduces corporate taxes by $1 million rather than reducing the taxable profits by $1 million. Granted, there are some really astounding tax loopholes out there, but a scary percentage of people think mega-corporations literally pay less than they do in total taxes. It reminds me of the time I was joking around with a girl I was dating at the time about stress headache "brain muscle cramps". 5 minutes into joking around, I realized she thought "Your brain is a muscle, you need to exercise it" was literal, and concentrating hard would sometimes cause the "brain muscle" to cramp up. She was a grad student in Environmental Engineering at MIT at the time. That triggered a brief argument over whether the brain was primarily muscle tissue or primarily nerve tissue. There are also a ton of people who think they aren't among those who don't pay any federal income tax because they see the Social Security tax line on their W-2 forms.