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Does SpaceX pay fair share of taxes in the U.S or does it play the standard tax loophole games of other international corporations? It's not even paying the go
by say_it_as_it_is 3y ago
Does SpaceX pay fair share of taxes in the U.S or does it play the standard tax loophole games of other international corporations? It's not even paying the government sufficiently for the favorable efficiencies that it is asking for. SpaceX and its customers, not the general public, will benefit by additional licensing staff.
- JumpCrisscross 3y ago> does it play the standard tax loophole games of other international corporations? SpaceX is an American company--not even multinational. They're barely profitable [1], however, so most taxes would be paid on fees, payroll and property. [1] https://www.cnbc.com/2023/08/17/spacex-reported-a-profit-in-the-first-quarter-wsj-says.html https://www.cnbc.com/2023/08/17/spacex-reported-a-profit-in-...
- inglor_cz 3y agoSpaceX isn't profitable as a whole or barely so, they have a profitable activity (Falcon 9), but they invest a shitload of money into Starship and Starlink. Tesla pays a lot of taxes. https://www.macrotrends.net/stocks/charts/TSLA/tesla/total-provision-income-taxes#:~:text=Tesla%20income%20taxes%20for%20the%20twelve%20months%20ending%20June%2030,a%20139.38%25%20increase%20from%202020 https://www.macrotrends.net/stocks/charts/TSLA/tesla/total-p....