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Not directly related, but just noticed that Google finance added a "effective tax rate" row in the "financials" section. Apparently Uber had an effective tax r
by mupuff1234 3y ago
Not directly related, but just noticed that Google finance added a "effective tax rate" row in the "financials" section.
Apparently Uber had an effective tax rate of -22%(?) in the last quarter.
No idea if it's a mistake or not.
- onlyrealcuzzo 3y agoHow is this possible? Does that mean the government is giving them 22% of their revenue? How and why?
- mupuff1234 3y agoNot sure, maybe it means that they have carry over losses that they can use to deduct taxes from future profits - but that's just a guess.
- Solvency 3y agoShadier things have happened in corporate oligarchies.
- rmm 3y agoCarry forward losses of previous years.
- solarkraft 3y agoSubsidies?